ÁKK sells HUF 38 bln of securities at auction, above plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 38 billion of securities at auction on Thursday, HUF 3 bln more than planned, state news wire MTI reports.
ÁKK sold HUF 17 bln of discount twelve-month T-bills, cutting its original offer by HUF 3 bln after primary dealers bid for HUF 28.8 bln of the securities. The average yield was 7.21%, 7 bp under the secondary market benchmark but 44 bp over the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 10 bln of seven-year floating-rate bonds, as planned. Bids reached HUF 64.4 bln.
ÁKK sold HUF 11 bln of 30-year green bonds, raising its original offer by HUF 6 bln after bids came to HUF 26.3 bln. The average yield was 7.94%. The yield at the previous auction of the bonds, on November 25, was 4.39%.
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