ÁKK Sells HUF 58.5 bln of Securities at Auction, Over Plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 58.5 bln of securities at auction on Thursday, HUF 15.5 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 30 bln of discount twelve-month T-bills, raising its original offer by HUF 5 bln after primary dealers submitted bids for HUF 40.9 bln of the securities. The average yield was 8.35%, 53 bp over the secondary market benchmark yield, but 22 bp under the yield at the previous auction of the bills two weeks earlier.

The agency sold HUF 17.5 bln of 15-year bonds, HUF 7.5 bln more than planned. Bids reached HUF 30.9 bln. The average yield was 7.65%, 4 bp over the benchmark and 15 bp higher than the yield at the previous auction of the bonds on August 3.

ÁKK sold HUF 11 bln of 30-year green bonds, HUF 3 bln over the plan. Bids came to HUF 14.5 bln. Average yield was 7.67%, 22 bp over the yield at the previous auction of the bonds on May 11.

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