ÁKK sells HUF 48 bln of three-month bills, over plan
The Government Debt Management Agency (ÁKK) sold HUF 48 bln of discount three-month T-bills at auction today, raising its original offer by HUF 8 bln on strong demand by primary dealers, Hungarian news agency MTI reported.
Bids for the papers came to HUF 124.8 bln.
Average yield was 1.10%, 5 bps over the secondary market benchmark and 3 bps higher than the yield at the previous auction of the bills one week earlier.
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.