ÁKK sells HUF 58.5 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 58.5 bln of bonds at auction on Thursday, raising its original offer by HUF 13.5 bln on strong demand from primary dealers.
ÁKK sold HUF 28.5 bln of three-year bonds, HUF 8.5 bln more than planned. Dealers bid for HUF 60.7 bln of the papers. Average yield was 1.42%, 3 bps under the secondary market benchmark and 28 bps lower than the yield at the previous auction of the bills two weeks earlier.
ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln over the plan. Bids came to HUF 34.5 bln. Average yield was 2.07%, 1 bps under the benchmark but level with the yield at the auction two weeks earlier.
ÁKK cut its offer for ten-year bonds by HUF 2.5 bln to HUF 7.5 bln after dealers bid just HUF 11.8 bln. Average yield was 2.94%, 2 bps over the benchmark and 3 bps higher than the yield two weeks earlier.
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