ÁKK sells HUF 48 bln of securities at auction, slightly under plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 48 bln of securities at auction today, HUF 2 bln less than planned, Hungarian news agency MTI reported.
ÁKK sold HUF 40 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for almost HUF 100 bln of the papers.
Average yield was 1.55%, 3 bp under the secondary market benchmark and 4 bp lower than the yield at the previous auction of the bills two weeks earlier.
ÁKK sold HUF 8 bln of floating-rate five-year bonds, HUF 2 bln less than planned. Bids came to HUF 12.2 bln.
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.