ÁKK sells HUF 60 bln of three-month T-bills, over plan
The Government Debt Management Agency (ÁKK) sold HUF 60 billion of three-month discount T-bills at auction on Tuesday, HUF 20 bln over its original offer of HUF 40 bln as demand rose further.
Primary dealers bid for HUF 144.2 bln of the papers maturing on October 24, state news agency MTI reported.
The average yield was 0.19%, 4 basis points over the secondary market benchmark calculated on a bill expiring four weeks later, but 5 bps lower than the yield at the previous auction of the bills one week earlier.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Hungary to Roll out Online Price Monitoring System
Meet the Expat CEO of the Year Nominees
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.
