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ÁKK sells HUF 42 bln of securities at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 42.0 billion of securities at auction on Thursday, raising its original offer by HUF 4 bln, state news wire MTI reported.

The ÁKK sold HUF 30.0 bln of 12-month discount T-bills, as planned. Bids came to HUF 33.12 bln. The average yield was 0.05%, 7 basis points over the secondary market benchmark and 2 bps higher than the yield at the previous auction of the bills two weeks earlier.

In addition, the ÁKK sold HUF 12.0 bln of five-year floating-rate bonds, raising its offer by HUF 4.0 bln after dealers bid for HUF 27.29 bln of the papers.

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