ÁKK sells HUF 56 bln of bonds at auction, HUF 11 bln over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 56 billion of bonds at auction today, raising its original offer by HUF 11 bln on strong demand by primary dealers, Hungarian news agency MTI reported.
ÁKK sold HUF 23 bln of three-year bonds, HUF 3 bln over the plan. Dealers bid HUF 34.8 bln for the papers. Average yield was 1.74%, 3 bps under the secondary market benchmark yield and 8 bps lower than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 18 bln of five-year bonds, also HUF 3 bln over the original offer. Bids came to HUF 33.9 bln. Average yield was 2.29%, 5 bps under the benchmark and 15 bps lower than the yield two weeks earlier.
ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln more than planned. Bids came to a remarkable HUF 69.6 bln. Average yield was 3.27%, 9 bps under both the benchmark and the yield at the auction two weeks earlier.
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