ÁKK sells HUF 37.5 bln of 3-month T-bills, over plan
The Government Debt Management Agency (ÁKK) sold HUF 37.5 billion of discount three-month T-bills at auction on Tuesday, raising its original offer by HUF 7.5 bln on continued strong demand by primary dealers, Hungarian news agency MTI reports.
Primary dealers bid for HUF 93 bln of the securities which expire on April 29.
The average yield was 0.02%, 2 bp over the secondary market benchmark calculated on a bill expiring on the same day, and up 1 basis point from the yield at the previous auction of the bills one week earlier.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.