ÁKK sells HUF 18 bln of securities at auction, HUF 10 bln under plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 18 billion of securities at auction today, cutting its original offer by HUF 10 bln.
ÁKK sold HUF 10 bln of discount twelve-month T-bills, reducing its original offer by half after primary dealers bid for HUF 33.5 bln of the papers. Average yield was 0.99%, 4 bps over both the secondary market benchmark and the yield at the previous auction of the bills two weeks earlier.
ÁKK sold HUF 8 bln of three-year floating-rate bonds, as planned. Dealers bid for HUF 24.8 bln of the securities.
ÁKK sold a further HUF 200m of the floaters at a non-competitive tender after the auction.
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