The ÁKK sold HUF 45 bln of 12-month discount T-bills expiring on July 31, 2019, HUF 15 bln over its original offer of HUF 30 bln. Bids came to HUF 86 bln, with an average yield of 0.52%, 3 basis points over the secondary market benchmark, calculated on a bill series expiring on May 22, 2019, and 4 bps lower than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 7.5 bln of five-year floating-rate bonds, HUF 2.5 bln more than originally offered. Dealers bid for HUF 22.7 bln of the papers. The average price came to 97.49%, up from 97.35% two weeks earlier.
The ÁKK also sold a further HUF 2.6 bln of five-year floaters at a non-competitive tender after the auction.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
