ÁKK sells HUF 40 bln of securities at auction, below plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 40.0 billion of securities at auction on Thursday, HUF 5 bln less than planned, state news agency MTI reported.
The ÁKK sold HUF 35.0 bln of discount 12-month T-bills, HUF 5 bln below the original offer. Primary dealers bid for HUF 53.5 bln of the papers. The average yield was 0.28%, 3 basis points over the secondary market benchmark and 4 bps higher than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 5 bln of five-year floating rate bonds, as planned. Dealers bid for HUF 6.0 bln of the securities.
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.