ÁKK Sells HUF 38.5 bln of Securities at Auction, Over Plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 38.5 billion of securities at auction on Thursday, HUF 13.5 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 15 bln of discount 12-month T-bills, in line with its original offer. Primary dealers bid for HUF 35.1 bln of the securities. The average yield was 9.53%, 25 bp over the secondary market benchmark yield but 67 bp under the yield at the previous auction of the bills.

The agency sold HUF 23.5 bln of 10-year floating rate bonds, raising its original offer by HUF 13.5 bln as bids reached HUF 27.9 bln.

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