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ÁKK sells HUF 22.5 bln of securities at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 billion of securities at an auction on Thursday, higher than its original offer, state news wire MTI reported.

The ÁKK sold HUF 15 bln of discount twelve-month T-bills, as planned. Primary dealers bid for HUF 52.16 bln of the papers. The average yield was 0.03%, 3 bps below the yield on the secondary market and 4 bps below the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 7.5 bln of five-year floating-rate bonds, raising its original offer by HUF 2.5 bln after dealersʼ bids reached HUF 29.15 bln.

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