ÁKK sells HUF 29.5 bln of securities, under plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 29.5 bln of securities at auction on Thursday, HUF 6.5 bln less than planned, Hungarian news agency MTI reported.

The ÁKK sold HUF 21.0 bln of discount 12-month T-bills, cutting its original offer by HUF 9.0 bln after primary dealers bid for just HUF 27.9 bln of the securities. The average yield was 0.29%, 2 basis points over the secondary market benchmark, but 8 bps under the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 8.5 bln of five-year floating-rate bonds, raising its original offer by HUF 2.5 bln after bids came to HUF 10.1 bln.

ADVERTISEMENT

Takarékbank lowers 2021 GDP growth forecast to 6.9% Analysis

Takarékbank lowers 2021 GDP growth forecast to 6.9%

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.