ÁKK sells HUF 33 bln of securities at auction, slightly over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 33 bln of securities at auction today, slightly over the plan.

ÁKK sold HUF 18 bln of discount twelve-month T-bills, lowering its original offer by HUF 2 bln after primary dealers submitted bids for just HUF 20 bln of the papers. Average yield was 0.47%, 2 bps over the secondary market benchmark but 6 bps under the yield at the previous auction of the bills two weeks earlier.

ÁKK sold HUF 15 bln of a five-year floating-rate bond, raising its original offer by HUF 5 bln on bids of HUF 47.8 bln.

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