ÁKK sells HUF 22 bln of securities at auction, HUF 6 bln under plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 22 bln of securities at auction today, HUF 6 bln less than planned as yields rose.

ÁKK sold HUF 15 bln of discount twelve-month T-bills, lowering its original offer by HUF 5 bln. Primary dealers bid for HUF 29.3 bln of the papers.

Average yield was 0.95%, 12  bps over the secondary market benchmark and 10  bps higher than the yield at the previous auction of the securities two weeks earlier.

ÁKK sold HUF 7 bln of five-year floating-rate bonds, lowering its original offer by HUF 1 bln after dealers bid for HUF 13.1 bln.

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