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ÁKK sells HUF 36 bln of securities at auction, as planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 36 billion of securities at auction on Thursday, in line with its original offer, state news wire MTI reported.   

The ÁKK sold HUF 30 bln of discount twelve-month T-bills, after primary dealers bid for HUF 38.9 bln of the papers. The average yield was 0.00%, 3 basis points below the yield on the secondary market, but 1 bp above the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 6 bln of five-year floating-rate bonds, as planned, after dealersʼ bids reached HUF 17.13 bln.

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