ÁKK sells HUF 35 bln of bonds at auction, below plan
The Government Debt Management Agency (ÁKK) sold HUF 35 billion of bonds at auction on Thursday, HUF 20 bln less than planned, state news wire MTI reports.
The agency sold HUF 5 bln of five-year bonds, cutting its original offer by HUF 15 bln after primary dealers bid for just HUF 8.34 bln of the securities. The average yield was 2.31%, 7 bp over the secondary market benchmark and 22 bp over the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 20 bln of 10-year bonds, in line with its original offer as bids reached HUF 28.55 bln. The average yield was 2.88%, 4 bp over the benchmark and 4 bp over the yield at the auction two weeks earlier.
The agency sold HUF 10 bln of 15-year bonds, cutting its offer by HUF 5 bln after bids came to HUF 13.14 bln. The average yield was 3.28%, 4 bp over the benchmark and 11 bp higher than the yield at the previous auction of the bonds.
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