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ÁKK sells HUF 45 bln of bonds at auction, as planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 45 bln of securities at auction on Thursday, in line with its original offer, Hungarian news agency MTI reported.

ÁKK sold HUF 40 bln of discount twelve-month T-bills as originally planned. Primary dealers bid for HUF 80.9 bln of the papers. Average yield was 1.07%, up by 4 bps compared to the previous action and the same as the secondary market benchmark. 

ÁKK also sold HUF 5 bln of three-year floating-rate bonds. Dealers bid for HUF 11.6 bln of the securities. 

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