ÁKK sells HUF 37 bln of securities at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 37 billion of securities at auction on Thursday, raising its original offer by HUF 1 bln, state news wire MTI reported.
The ÁKK sold HUF 30 bln of 12-month discount T-bills, in line with its original offer. Bids came to HUF 45.11 bln, and the average yield was 0.55%, 3 basis points over the secondary market benchmark and 3 bps higher than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 7 bln of five-year floating-rate bonds after dealers bid for HUF 15.02 bln of the papers. It had planned to sell HUF 6 bln of the bonds.
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