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ÁKK sells HUF 50 bln of securities at auction, as planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of securities at auction on Thursday, in line with its original offer.

ÁKK sold HUF 40 bln of twelve-month discount T-bills, as planned. Primary dealers bid for HUF 78.4 bln of the papers. Average yield was 1.05%, 4 bp under the secondary market benchmark and 14 bp lower than the yield at the previous auction of the bills two weeks earlier.

ÁKK sold HUF 10 bln of three-year floating-rate bonds, as planned. Bids by primary dealers reached HUF 17.5 bln.

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