ÁKK sells HUF 48 bln of securities at auction, slightly under plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 48 bln of securities at auction today, HUF 2 bln less than planned, Hungarian news agency MTI reported.

ÁKK sold HUF 40 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for almost HUF 100 bln of the papers.

Average yield was 1.55%, 3 bp under the secondary market benchmark and 4 bp lower than the yield at the previous auction of the bills two weeks earlier.

ÁKK sold HUF 8 bln of floating-rate five-year bonds, HUF 2 bln less than planned. Bids came to HUF 12.2 bln.

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