ÁKK sells HUF 64.5 bln of bonds, over plan
Hungaryʼs Government Debt Management Agency (ÁKK) sold a combined HUF 64.5 bln of bonds at auction today, raising its original offer by HUF 21.5 bln, Hungarian news agency MTI reported today.
ÁKK sold HUF 27 bln of three-year bonds, HUF 9 bln more than the original offer. Primary dealers bid for HUF 71.90 bln of the papers. Average yield was 1.35%, 3 bps under the secondary market benchmark and also 3 bps lower than the yield at the previous auction of the bonds.
ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln more than planned. Bids came to HUF 46.30 bln. Average yield was 1.96%, 2 bps over the benchmark and unchanged compared to the yield at the previous auction.
ÁKK sold HUF 15 bln of 10-year bonds, HUF 5 bln more than the original offer. Bids reached HUF 24.40 bln. Average yield was 2.99%, 1 bps over the benchmark, and 7 bps higher than the yield at the last auction of the bonds.
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