ADVERTISEMENT

AKK sells HUF 70 bln in securities at auction

Debt

The Government Debt Management Agency (AKK) sold HUF 70 bln in government securities at auction yesterday, HUF 10 bln more than planned. AKK sold HUF 40 bln of discount 12-month T-bills, in line with the original offer.

Primary dealers bid for HUF 65.4 bln of the papers.


Average yield was 1.77%, 1bp under the secondary market benchmark and 9bp lower than the yield at the previous auction of the bills two weeks earlier. Yields ranged between 1.70% and 1.80%.


AKK also sold HUF 30 bln of floating rate bonds, raising its original offer by HUF 10 bln after dealers bid for HUF 71.6 bln.


At a non-competitive tender following the auction, AKK sold a further HUF 9.6 bln of the floaters. Offers at the tender came to HUF 11.2 bln.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.