ÁKK sells HUF 58 bln of securities at auction, HUF 8 bln over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 58 bln of securities at auction on Thursday, raising its original offers by a combined HUF 8 bln on strong demand.

ÁKK sold HUF 43 bln of twelve-month discount T-bills, HUF 3 bln more than planned. Primary dealers bid for HUF 98.5 bln of the papers. Average yield was 1.19%, 5 bp under the secondary market benchmark and 27 bp lower than the yield at the previous auction of the bills two weeks earlier.

ÁKK sold HUF 15 bln of three-year floating-rate bonds, raising its original offer by HUF 5 bln on bids of HUF 24.4 bln.

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