ÁKK sells HUF 32.5 bln of securities at auction, slightly under plan
Hungaryʼs Government Debt Management Agency (ÁKK) sold a combined HUF 32.5 bln of securities at auction on Thursday, HUF 2.5 bln under the original plan.
ÁKK sold HUF 20 bln of discount twelve-month T-bills, cutting its original offer by HUF 5 bln after primary dealers bid for just HUF 27.4 bln of the papers. Average yield was 0.90%, 1 bps over the secondary market benchmark but 5 bps under the yield at the previous auction two weeks earlier.
ÁKK also sold HUF 12.5 bln of three-year floating rate bonds, HUF 2.5 bln more than planned. Dealers bid for HUF 23.2 bln of the securities.
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