ÁKK sells HUF 51 bln of bonds at auction, slightly more than planned
The Government Debt Management Agency (ÁKK) sold a combined HUF 51 bln of bonds at auction today, HUF 3 bln more than planned, Hungarian news agency MTI said.
ÁKK sold HUF 15 bln of three-year bonds, lowering its original offer by HUF 5 bln after primary dealers submitted bids for HUF 28.5 bln. Average yield was 2.24%, 9 bp over the secondary market benchmark and 14 bp higher than the yield at the previous auction of the securities two weeks earlier.
ÁKK sold HUF 19 bln of five-year bonds, HUF 3 bln more than planned. Dealers bid for HUF 45 bln. Average yield was 2.89%, 16 bp over the secondary market benchmark and 30 bp higher than the yield at the previous auction of the securities two weeks earlier.
ÁKK sold HUF 17 bln of ten-year bonds, HUF 5 bln more than planned. Bids came to HUF 46.3 bln. Average yield was 3.45%, 10 bp over the secondary market benchmark and 17 bp higher than the yield at the previous auction of the securities four weeks earlier.
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