ÁKK sells planned volume of twelve-month T-bills, raises offer for floaters
The Government Debt Management Agency (ÁKK) sold HUF 70 bln of securities at an auction on Thursday, raising its original offer of floating-rate bonds by HUF 10 bln and selling the announced amount of twelve-month discount T-bills.
ÁKK sold HUF 40 bln of discount twelve-month T-bills, the same amount as planned. Bids by primary dealers came to HUF 57.6 bln.
Average yield was 1.63%, 6bp over the secondary market benchmark but 5bp under the yield at the previous auction of the papers two weeks earlier.
ÁKK sold HUF 30 bln of a three-year floating rate bond, HUF 10 bln more than planned. Bids came to HUF 117.4 bln.
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.