ÁKK sells HUF 47 bln of securities at auction, over plan

Debt

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The Government Debt Management Agency (ÁKK) sold a combined HUF 47.0 billion of securities at auction on Thursday, HUF 11.0 bln more than the original offer, state news wire MTI reported.

The ÁKK sold HUF 40.0 bln of 12-month discount T-bills, raising its original offer by HUF 10 bln after primary dealers submitted bids for HUF 55.4 bln. The average yield was 0.58%, 5 basis points over the secondary market benchmark, and 3 bps higher than the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 7.0 bln of five-year floating rate bonds, HUF 1 bln more than planned. Bids came to HUF 16.5 bln.

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