ÁKK raises offer at three-month T-bill auction
The Government Debt Management Agency (ÁKK) raised its offer on strong demand at an auction of discount three-month T-bills today, Hungarian news agency MTI reported.
ÁKK sold HUF 45 bln of the bills expiring on November 5, raising its original offer by HUF 5 bln after primary dealers submitted bids for HUF 186.2 bln.
The debt manager sold the originally offered HUF 40 bln at the previous auction on July 22 after receiving bids for HUF 164.7 bln.
Average yield fell to 1.69%, a new all-time low. It was 12bp under Tuesday's secondary market benchmark, calculated on a bill series expiring two weeks later, and was 10bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 1.63% and 1.72%.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
