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ÁKK sells HUF 45 bln of bonds at auction as planned

Debt

The Government Debt Management Centre (ÁKK) sold a combined HUF 45 bln of bonds at auction today, in line with its original offer.

ÁKK sold HUF 20 bln of three-year bonds, on bids of HUF 65.3 bln. Average yield was 2.03%, 3bp under the secondary market benchmark and 11bp under the yield at the previous auction of the securities two weeks earlier.

 ÁKK sold HUF 15 bln of five-year bonds. Bids came to HUF 41.6 bln. Average yield was 2.91%, the same as the secondary market benchmark and 17bp under the yield at the previous auction.

ÁKK sold HUF 10 bln of ten-year bonds, while bids reached HUF 24.2 bln. Average yield was 3.84%, 3bp over the secondary market benchmark, and 39bp over the yield at the previous auction of the bonds four weeks earlier.

ÁKK offered HUF 20 bln of the three-year bonds, HUF 15 bln of the five-year bonds and HUF 10 bln of the ten-year bonds for auction.

At a non-competitive tender after the auction, ÁKK sold an additional HUF 6.7 bln of the three-year, HUF 5.2 bln of the five-year and HUF 2.5 bln of the ten-year bonds.



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