ÁKK sells HUF 20 bln of securities at auction as planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 20 bln of securities at auction today, in line with its original offer, Hungarian news agency MTI reported.

ÁKK sold HUF 15 bln of discount twelve-month T-bills, as planned. Primary dealers bid for HUF 34.10 bln of the papers. Average yield was 0.10%, 1bp over the secondary market and also 1bp above the yield at the previous auction of the bills two weeks earlier.

ÁKK also sold HUF 5 bln of five-year floating-rate bonds, in line with its original offer after dealersʼ bids reached HUF 10.10 bln .

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