ÁKK sells HUF 45 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 45 billion of bonds at auction on Thursday, raising its original offer by HUF 5 bln, state news wire MTI reported.
The ÁKK sold HUF 15 bln of three-year bonds as primary dealers bid to buy HUF 35.20 bln of the securities. The average yield was 0.85%, the same as the secondary benchmark, but 10 bps higher than the yield at the previous auction of the bonds.
The ÁKK also sold HUF 15 bln of five-year bonds after dealers bid to buy HUF 48.02 bln. The average yield was 1.79%, 4 bps under the secondary market benchmark and 4 bps higher than the yield at the previous auction of the bonds.
Finally, the ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln more than planned. Bids came to HUF 28.87 bln. The average yield was 3.10%, 2 bps under the benchmark, but 1 bp higher than the yield at the previous auction.
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