ÁKK sells almost HUF 80 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold HUF 79.5 bln of bonds at auction on Thursday, raising its original offer by HUF 24.5 bln on strong demand by primary dealers.
ÁKK sold HUF 30 bln of three-year bonds, raising its original offer by HUF 10 bln after primary dealers bid for HUF 65.6 bln of the papers. Average yield was 1.52%, 3 bps under the secondary market benchmark and 23 bps lower than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 30 bln of five-year bonds, also HUF 10 bln over the original offer. Bids came to HUF 85.8 bln. Average yield was 2.30%, 3 bps under the benchmark and 24 bps lower than the yield two weeks earlier.
ÁKK sold HUF 19.5 bln of ten-year bonds, HUF 4.5 bln more than planned. Bids reached HUF 37.6 bln. Average yield was 3.29%, 1 bps over the benchmark and 28 bps lower than the yield at the previous auction.
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