ÁKK sells planned volume of floaters on moderate oversubscription
The Government Debt Management Agency (ÁKK) sold the announced HUF 20 bln of three-year floating-rate bonds at rising prices an auction on today.
Demand for the 2017/C bonds dropped to HUF 32.0 bln from HUF 59.7 bln on June 19 when ÁKK raised its sales from the announced HUF 20 bln to HUF 30 bln.
This was the first time since late April that ÁKK offered just one floater at the bi-weekly auctions where it recently offered both three- and five-year floating-rate bonds.
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Orbán's Salary Increased to HUF 4.178 mln
Hungary Tops out HUF 300bn Munitions Complex
Around 2,800 Events Take Place in European Capital of Cultur...
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.
