ÁKK sells HUF 31.5 bln of securities at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 31.5 billion of securities at auction on Wednesday, HUF 1.5 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 15 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for HUF 34.1 bln of the securities. The average yield was 0.54%, 2 bp under the secondary market benchmark, but 12 bp over the yield at the previous auction of the bills two weeks earlier.

The agency sold HUF 16.5 bln of seven-year floating-rate bonds, raising its original offer by HUF 1.5 bln after bids came to HUF 20.9 bln.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

Operative corps for economic recovery decides on further mea... Government

Operative corps for economic recovery decides on further mea...

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.