ÁKK sells HUF 45.5 bln of securities at auction, under plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 45.5 billion of securities at auction on Thursday, HUF 4.5 bln under the plan, according to a report by state news wire MTI.

ÁKK sold HUF 15.5 bln of discount 12-month T-bills, cutting its original offer from HUF 30 bln after bids reached just HUF 30.8 bln. Average yield was 5.38%, 5 bp over the secondary market benchmark and 60 bp higher than the yield at the previous auction of the bills two weeks earlier.

The agency sold HUF 30 bln of seven-year floating-rate bonds, raising its offer by HUF 10 bln after bids reached HUF 43.4 bln.

ÁKK sold a further HUF 3.5 bln of the floaters at a non-competitive tender after the auction

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