ÁKK sells HUF 42 bln of securities at auction, fraction over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 42 billion of securities at auction on Thursday, HUF 2 bln more than planned, according to a report by state news wire MTI.
ÁKK sold HUF 10 billion of discount 12-month T-bills, cutting its original offer by HUF 15 bln after primary dealers bid for just HUF 15.8 bln of the securities. The average yield was 6.39%, 20 bp over the secondary market benchmark and 12 bp higher than the yield at the previous auction of the bills two weeks earlier.
The agency sold HUF 32 bln of seven-year floating-rate bonds, raising its original offer by HUF 17 bln after bids came to HUF 60.1 bln.
ÁKK sold a further HUF 12.3 bln of the seven-year floaters at a non-competitive tender after the auction.
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