ÁKK sells HUF 64 bln of securities at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 64 billion of securities at auction on Thursday, HUF 19 bln more than planned, state news wire MTI reports.
ÁKK sold HUF 34 bln of discount twelve-month T-bills, raising its original offer by HUF 9 bln after primary dealers bid for HUF 51.7 bln of the securities.
The average yield was 0.03%, 3 bp over the secondary market benchmark yield and 2 bp higher than the yield at the previous auction of the bills four weeks earlier.
ÁKK sold HUF 30 bln of seven-year floating-rate bonds, HUF 10 bln more than planned. Bids came to HUF 203.7 bln.
ADVERTISEMENT
Economic Development Ministry Responds to Banking Concerns
Parl't Approves Amendments to Legislation on Judiciary
Hungary Home Stock Grows as Population Declines
New MTÜ Campaign Invites Tourists to Relax at the Waterfront
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.
