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

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 42.0 billion of securities at auction on Thursday, raising its original offer by HUF 4 bln on strong demand from primary dealers.   

The ÁKK sold HUF 30.0 bln of twelve-month discount T-bills, as planned. Bids came to HUF 62.0 bln. The average yield was 0.03%, 4 basis points over the secondary market benchmark and 2 bps higher than the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 12.0 bln of five-year floating-rate bonds, raising its offer by HUF 4.0 bln after dealers bid for HUF 24.7 bln of the papers, state news wire MTI reported.

ADVERTISEMENT

MNB Int'l Reserves Climb EUR 1.553 bln in January MNB

MNB Int'l Reserves Climb EUR 1.553 bln in January

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

GTC to Save 500 MWh a Year in Váci Greens D Sustainability

GTC to Save 500 MWh a Year in Váci Greens D

Mangalitsa Promotional Campaign Kicks Off Food

Mangalitsa Promotional Campaign Kicks Off

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.