ÁKK sells HUF 37 bln in securities at auction

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 37 bln in securities at auction on Thursday, HUF 4 bln more than planned.

ÁKK sold HUF 25 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for HUF 54.5 bln of the papers.

Average yield was 0.53%, 7bp under the secondary market benchmark and 19bp lower than the yield at the previous auction of the bills two weeks earlier.

ÁKK sold HUF 12 bln of three-year floating rate bonds, raising its original offer by HUF 4 bln after dealers submitted bids for HUF 58.2 bln.

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