ÁKK sells HUF 43.5 bln of securities at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 43.5 billion of securities at auction on Wednesday, HUF 3.5 bln more than planned on strong demand for a floating-rate bond, state news wire MTI reports.
ÁKK sold HUF 6 bln of discount twelve-month T-bills, cutting its original offer by HUF 9 bln after primary dealers bid for just HUF 9 bln of the securities. The average yield was 0.48%, level with the secondary market benchmark, but 3 bp over the yield at the previous auction of the bills two weeks earlier.
The agency sold HUF 37.5 bln of six-year floating rate bonds, raising its original offer by HUF 12.5 bln after bids reached HUF 94.2 bln.
ÁKK sold an additional HUF 14.3 bln of the floaters at a non-competitive tender after the auction.
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