ÁKK sells HUF 70 bln of bonds at auction, HUF 20 bln over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of bonds at auction today, raising its original offer by HUF 20 bln on strong demand, Hungarian news agency MTI reported.
ÁKK sold HUF 30 bln of three-year bonds, HUF 10 bln more than planned. Primary dealers bid for HUF 106.3 bln of the papers. Average yield was 1.97%, 6 bps under the secondary market benchmark and 18 bps lower than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 30 bln of five-year bonds, also HUF 10 bln over the original offer. Bids reached HUF 72.2 bln. Average yield was 2.67%, 1 bps under the benchmark but 8 bps over the yield at the auction two weeks earlier.
ÁKK sold HUF 10 bln of 15-year bonds, in line with the original offer. Bids were HUF 19.5 bln. Average yield was 4.01%, 6 bps over the benchmark but 17 bps lower than the yield at the previous auction of the bonds in June.
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