ÁKK sells HUF 53 bln of securities at auction
The Government Debt Management Agency (ÁKK) sold HUF 53 bln of securities at auction on Thursday, HUF 8 bln more than planned, according to a report by state news wire MTI.
The agency sold HUF 3.5 bln of discount 12-month T-bills, reducing its original offer from HUF 20 bln after primary dealers bid for just HUF 8.8 bln of the securities. The average yield was 6.55%, 3 bp over the secondary market benchmark, and 16 bp higher than the yield at the previous auction of the bills two weeks earlier
ÁKK sold HUF 30 bln of seven-year floating-rate bonds, double the original offer. Bids reached HUF 66.8 bln.
The agency sold HUF 19.5 bln of a 10-year green bond, raising the offer by HUF 9.5 bln. Bids came to HUF 40.9 bln. The average yield was 7.46%, 110 bp over the yield at the previous auction of the bonds one month earlier.
ADVERTISEMENT
MNB Decides on Technical Changes to Mandatory Reserve System
Parl't Approves Amendments to Legislation on Judiciary
Magnus Aircraft Signs CNY 65 mln Order
Over 10,000 Students Join 'Smashed' Program to Curb Underage...
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.
