ÁKK auction sales fall slightly below plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 44 billion of securities at auction on Thursday, HUF 2 bln less than planned, state news wire MTI reported.
The ÁKK sold HUF 35 bln of discount 12-month T-bills, HUF 5 bln under its original offer. Primary dealers bid for HUF 74.4 bln of the securities, and the average yield was 0.42%, 5 basis points over the secondary market benchmark and 1 bp higher than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 9 bln of five-year floating rate bonds, HUF 3 bln over plan. Dealersʼ bids came to HUF 36.5 bln.
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