ÁKK sells HUF 30.5 bln of securities at auction, below plan

pexels

The Government Debt Management Agency (ÁKK) sold a combined HUF 30.5 billion of securities at auction on Thursday, less than the original planned amount as its offer of five-year floaters was undersubscribed, state news wire MTI reported.

The ÁKK sold HUF 25 bln of discount 12-month T-bills, as planned, after primary dealers bid for HUF 48.0 bln of the securities. The average yield was 0.23%, 3 basis points higher than the yield at the previous auction of the bills two weeks earlier and the latest secondary market benchmark.

The ÁKK also sold HUF 5.5 bln of five-year floating-rate bonds, lowering its original offer by HUF 4.5 bln after bids came to just HUF 7.9 bln. The average price dropped to 98.41%, from 98.48% at the previous auction of the floaters on April 18.

Crops

Farmers Growing Nuts on 9,200 Hectares

In Budapest

Wine, Food, and Culture Converge at the Budapest Wine Festival

EU

All Conditions in Place for Successful Econfin Meeting – Varga

Figures

Auto Owners Pay 10% More on Q2 Insurance Premiums

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.