ÁKK securities auction sales slightly exceed plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 50 billion of securities at auction on Thursday, raising its original offer by HUF 2 bln, state news wire MTI reported.
The ÁKK sold HUF 40.0 bln of 12-month discount T-bills, in line with its original offer. Bids came to HUF 49.09 bln, and the average yield was 0.12%, 8 basis points over the secondary market benchmark and 6 bps higher than the yield at the previous auction of the bills two weeks earlier.
In addition, the ÁKK sold HUF 10 bln of five-year floating-rate bonds, raising its offer by HUF 2 bln after dealers bid for HUF 20.45 bln of the papers.
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