ÁKK sells HUF 42 bln of securities at auction, fraction over plan

Debt

pixabay

The Government Debt Management Agency (ÁKK) sold a combined HUF 42 billion of securities at auction on Thursday, HUF 2 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 10 billion of discount 12-month T-bills, cutting its original offer by HUF 15 bln after primary dealers bid for just HUF 15.8 bln of the securities. The average yield was 6.39%, 20 bp over the secondary market benchmark and 12 bp higher than the yield at the previous auction of the bills two weeks earlier.

The agency sold HUF 32 bln of seven-year floating-rate bonds, raising its original offer by HUF 17 bln after bids came to HUF 60.1 bln.

ÁKK sold a further HUF 12.3 bln of the seven-year floaters at a non-competitive tender after the auction.

ADVERTISEMENT

The New Age of Commerce is Approaching Analysis

The New Age of Commerce is Approaching

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.