ÁKK sells HUF 42.5 bln of securities at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 42.5 billion of securities at auction on Wednesday, cutting its offer of discount twelve-month T-bills, but selling more floating-rate bonds than planned, according to a report by state news wire MTI.
ÁKK sold HUF 5 bln of the 12-month bills, cutting its original offer by HUF 10 bln after primary dealers bid for just HUF 7.3 bln of the securities. The average yield was 0.45%, 4 bp over the secondary market benchmark and 2 bp higher than the yield at the previous auction of the bills two weeks earlier.
The agency sold HUF 37.5 bln of the six-year floating rate bonds, raising its original offer by HUF 12.5 bln after bids reached HUF 124.4 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.