ÁKK sells HUF 42 bln of bonds at auction, raising offer for floater

Debt

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 42 bln of securities at auction today, Hungarian news agency MTI.

ÁKK sold HUF 30 bln of discount twelve-month T-bills as originally planned. Primary dealers bid for HUF 110.35 bln of the papers. Average yield was 0.51%, down by 15 bps compared to the previous action and 3 bps under the secondary market benchmark. 

ÁKK also sold HUF 12 bln of three-year floating-rate bonds raising its original offer by HUF 2 bln. Dealers bid for HUF 39.5 bln of the securities.

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