ÁKK sells HUF 28.5 bln of securities at auction, under plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 28.5 billion of securities at auction on Wednesday, lowering its original offer by HUF 7.5 bln, Hungarian news agency MTI reported.
The ÁKK sold HUF 19.5 bln of 12-month discount T-bills, HUF 10.5 bln below its original offer of HUF 30 bln. Bids came to just HUF 23.09 bln. The average yield was 0.29%, 1 basis point over the secondary market benchmark and level with the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 9 bln of five-year floating-rate bonds, raising its original offer by HUF 3 bln, after dealers bid for HUF 17.10 bln of the papers.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.