ÁKK Sells HUF 40 bln in Securities
The Government Debt Management Agency (ÁKK) sold a combined HUF 40 billion of securities at auction yesterday, as planned, according to data released on its website.
ÁKK sold HUF 15 bln of discount 12-month treasury bills, in line with the original offer. Primary dealers bid for HUF 26.2 bln of the securities.
The average yield was 12.84%, 56 basis points over the secondary market benchmark and 97 basis points higher than the yield at the previous auction of the bills two weeks earlier.
ÁKK sold HUF 10 bln of 10-year green bonds, as planned. Bids reached HUF 13.3 bln.
The average yield was 9.79%, 93 basis points over the yield at the previous auction of the bonds four weeks earlier.
ÁKK also sold HUF 15 bln of five-year floating-rate bonds; bids came to HUF 20.2 bln.
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.