ÁKK sells HUF 40 bln of bonds, according to plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 40 billion of bonds at auction on Thursday, in line with its originally offered amount but with a different composition, according to state news agency MTI.
The ÁKK sold HUF 9.5 bln of three-year bonds, HUF 5.5 bln below the HUF 15 bln plan. Primary dealers bid for HUF 11.7 bln of the papers. The average yield was 0.75%, 2 bps over the secondary market benchmark and 6 bps higher than the yield at the previous auction of the bonds.
The ÁKK also sold HUF 20.5 bln of five-year bonds, raising its original offer by HUF 5.5 bln from HUF 15 bln after dealersʼ bids came to HUF 43.60 bln. The average yield was 1.77%, 1 bp under the benchmark but 11 bps higher than the yield at the previous auction.
Finally, the ÁKK sold HUF 10 bln of ten-year bonds, in line with its original offer. Bids reached HUF 15.50 bln. The average yield was 3.11%, the same as the benchmark and 19 bps higher than the yield at the previous auction.
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