ÁKK Sells HUF 40 bln of Securities at Auction, as Planned

Debt

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The Government Debt Management Agency (ÁKK) sold HUF 40 billion of securities at auction on Thursday, as planned, according to a report by state news wire MTI.

ÁKK sold HUF 25 bln of discount 12-month T-bills, sticking to its original offer even after primary dealers bid for HUF 82.8 bln of the securities.

The average yield was 14.1%, 36 bp over the secondary market benchmark yield but 39 bp under the yield at the previous auction of the bills two weeks earlier.

ÁKK sold HUF 15 bln of 10-year floating-rate bonds. Bids reached HUF 54.6 bln.

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