ÁKK sells HUF 64.5 bln of bonds at auction, over plan
Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 64.5 bln of bonds at auction today, raising its original offer by HUF 21.5 bln on strong demand, Hungarian news agency MTI reported.
The ÁKK sold HUF 27.0 bln of three-year bonds, HUF 9 bln more than planned. Primary dealers bid for HUF 110.1 bln of the papers. The average yield was 1.36%, 1 bps under the secondary market benchmark, but 14 bps over the yield at the previous auction of the bonds two weeks earlier.
The ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln over the original offer. Bids came to HUF 58.6 bln. The average yield was 1.92%, 1 bps under the benchmark, but 13 bps over the yield two weeks earlier.
The ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln more than planned. Bids reached HUF 21.7 bln. The average yield was 3.29%, level with the secondary market benchmark, but 17 bps over the yield at the previous auction of the bonds on August 18.
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