ÁKK sells HUF 49.5 bln of bonds at auction, more than planned
The Government Debt Management Agency (ÁKK) sold a combined HUF 49.5 bln of bonds at auction today, HUF 4.5 bln more than planned, Hungarian news agency MTI reported.
ÁKK sold HUF 22.5 bln of three-year bonds, raising its original offer by HUF 2.5 bln after primary dealers submitted bids for HUF 38.8 bln. Average yield was 2.10%, 3 bp under the secondary market benchmark and 1 bp lower than the yield at the previous auction of the securities two weeks earlier.
ÁKK sold HUF 17 bln of five-year bonds, HUF 2 bln more than planned. Dealers bid for HUF 32.9 bln. Average yield was 2.59%, level with the benchmark but 5 bp under the yield two weeks earlier.
ÁKK sold HUF 10 bln of 15-year bonds, as planned. Bids came to HUF 20 bln. Average yield was 3.56%.
The 15-year bond, which matures in 2031, was offered for the first time. The yield for the benchmark 15-year bond, which matures in 2028, was 3.44%.
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