ÁKK sells HUF 39 bln of securities at auction, HUF 6 bln under plan

Debt

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The Government Debt Management Agency (ÁKK) sold a combined HUF 39 bln of government securities at auction today, under the HUF 45 bln plan, Hungarian news agency MTI reported.

ÁKK sold HUF 34.0 bln of discount twelve-month T-bills, lowering its original offer from HUF 40 bln after primary dealers bid for just HUF 50.6 bln of the papers. Average yield was 1.01%, 1 bps over the secondary market benchmark and 1 bps under the yield at the previous auction of the bills two weeks earlier. 

ÁKK sold HUF 5 bln of three-year floating rate bonds, as announced. Dealers bid for HUF 7.6 bln of the securities.

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