ÁKK sells HUF 42 bln of bonds at auction, raising offer for floater
Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 42 bln of securities at auction today, Hungarian news agency MTI.
ÁKK sold HUF 30 bln of discount twelve-month T-bills as originally planned. Primary dealers bid for HUF 110.35 bln of the papers. Average yield was 0.51%, down by 15 bps compared to the previous action and 3 bps under the secondary market benchmark.
ÁKK also sold HUF 12 bln of three-year floating-rate bonds raising its original offer by HUF 2 bln. Dealers bid for HUF 39.5 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.