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ÁKK sells HUF 52 bln of securities at auction, slightly over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 52 bln of securities at auction today, slightly more than planned.

ÁKK sold HUF 40 bln of twelve-month discount T-bills, as announced. Primary dealers bid for HUF 136 bln of the papers. Average yield was 1.46%, 1 bp over the secondary market benchmark but 9 bp lower than the yield at the previous auction of the securities two weeks earlier.

ÁKK sold HUF 12 bln of five-year floating-rate bonds, raising its offer by HUF 2 bln after dealers submitted HUF 22.4 bln of bids.

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