ÁKK sells HUF 22.5 bln of bonds at auction, less than planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 bln of securities at auction on Thursday, under the HUF 48 bln plan.

ÁKK sold HUF 18.5 bln of discount twelve-month T-bills, lowering its original offer by HUF 21.5 bln. Primary dealers bid for HUF 28.10 bln of the papers. Average yield was 1.03%, down by 17 bps compared to the previous action and up by 9 bps compared to the secondary market benchmark.

ÁKK also sold HUF 4 bln of five-year floating-rate bonds, HUF 4 bln less than planned. Dealers bid for HUF 8 bln of the securities.

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