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ÁKK sells HUF 58.5 bln of bonds at auction, more than planned

Debt

The Government Debt Management Centre (ÁKK) sold HUF 58.5 bln of bonds at auction today, raising its original offer from HUF 45 bln on strong demand by primary dealers.

ÁKK sold HUF 26 bln of three-year bonds, raising its offer by HUF 6 bln on bids of HUF 126.2 bln. Average yield was 2.14%, 10 bp under both the secondary market benchmark and the yield at the previous auction of the securities two weeks earlier.

ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln more than planned. Bids came to HUF 78.1 bln. Average yield was 3.08%, 1 bp over the secondary market benchmark and 20 bp over the yield at the previous auction.

ÁKK sold HUF 10 bln of 15-year bonds, in line with the offer. Bids reached HUF 16.5 bln. Average yield was 4.18%, 13 bp over the benchmark bond, which matures about three years earlier, and 62 bp over the yield at the previous auction of the bonds in April.


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