ÁKK sells HUF 42 bln of securities at auction, over plan
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 4.0 bln on strong demand for floating-rate bonds, state news wire MTI reported.
The ÁKK sold HUF 30.0 bln of discount 12-month T-bills, as planned. Bids came to HUF 76.9 bln, and the average yield was 0.36%, 1 basis point under the secondary market benchmark and 2 bps lower 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 original offer by HUF 4.0 bln after primary dealersʼ bids reached HUF 45.7 bln.
The ÁKK sold a further HUF 4.0 bln of the five-year floaters at a non-competitive tender after the auction, MTI noted.
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.