ÁKK sells HUF 50 bln of six-week T-bills, as planned

Debt

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount six-week T-bills at an auction on Monday, in line with its original offer.   

Primary dealers bid for HUF 97.97 bln of the papers, state news wire MTI reported. The average yield was 0.13%, 3 basis points under the three-month secondary market benchmark, as well as the yield at the previous auction of the bills one week earlier.   

The liquidity discount T-bills are designed to manage the central governmentʼs short-term liquidity needs, and, accordingly, are auctioned on a case-by-case basis.

ADVERTISEMENT

Wolf Theiss Advises Uniper on Sale of Gas Power Plant to Veo... Analysis

Wolf Theiss Advises Uniper on Sale of Gas Power Plant to Veo...

Fidesz-KDNP Nominates Constitutional Court Head for Presiden... Government

Fidesz-KDNP Nominates Constitutional Court Head for Presiden...

Rába Earnings Fall as Margins Squeezed Automotive

Rába Earnings Fall as Margins Squeezed

Number of Chinese Tourists in Hungary Quadruples From Pre-CO... Tourism

Number of Chinese Tourists in Hungary Quadruples From Pre-CO...

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.