ÁKK sells HUF 41 bln of securities at auction, under plan
pixabay
The Government Debt Management Agency (ÁKK) sold a combined HUF 41 bln of securities at auction today, lowering its original offer by HUF 7 bln on weak demand, Hungarian news agency MTI reported.
ÁKK sold HUF 37 bln of discount twelve-month T-bills, lowering its original offer by HUF 3 bln after primary dealers bid for just HUF 45.7 bln of the papers. Average yield was 1.20%, 2 bps over the secondary market benchmark and 20 bps higher than the yield at the previous auction of the bills two week earlier.
ÁKK sold HUF 4 bln of three-year floating rate bonds, halving its original offer after bids came to only HUF 4.8 bln.
ADVERTISEMENT
New Tenant in Wing’s Hungária Office Park Development
BKK Steps up Airport Shuttle Bus Service
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.
