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ÁKK sells HUF 27.5 bln of securities at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 27.5 billion of securities at auction on Thursday, HUF 3.5 bln less than planned, state news wire MTI reported.

The ÁKK sold HUF 21.5 bln of discount 12-month T-bills, cutting its original offer by HUF 3.5 bln. Primary dealers bid for HUF 33.1 bln of the securities. The average yield was 0.21%, 1 basis point over the secondary market benchmark as well as the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 6.0 bln of five-year floating rate bonds, in line with the original offer. Bids for the bonds came to HUF 15.3 bln.