ÁKK sells HUF 70 bln of securities at auctions, HUF 10 bln more than planned
The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of securities at auctions on Thursday, HUF 10 bln more than planned. ÁKK sold HUF 40 bln of discount twelve-month T-bills, as announced. Primary dealers bid for HUF 58 bln of the securities.
Average yield was 1.63%, 5 bp over the secondary market benchmark but 16 bp under the yield at the previous auction of the papers two weeks earlier. Yields ranged between 1.55% and 1.70%.
ÁKK raised its offer for five-year floating-rate bonds by HUF 10 bln to HUF 30 bln after primary dealers bid for HUF 72 bln of the papers.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.