ÁKK sells HUF 37.5 bln of securities at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 37.5 billion of securities at auction on Thursday, HUF 1.5 bln more than its original offer, state news wire MTI reported.

The ÁKK sold HUF 30.0 bln of 12-month discount T-bills, in line with its original offer, after primary dealers submitted bids for HUF 42.7 bln. The average yield was 0.58%, 4 basis points over the secondary market benchmark and unchanged from the yield at the previous auction of the bills two weeks earlier.

In addition, the ÁKK sold HUF 7.5 bln of five-year floating rate bonds, HUF 1.5 bln more than planned. Bids came to HUF 11.8 bln.

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