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ÁKK Sells HUF 59 bln of Securities at Auction, Over Plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 59 bln of securities at auction on Thursday, HUF 14 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 25 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for HUF 34.6 bln of the securities. The average yield was 8.09%, 5 bp under the secondary market benchmark yield and 49 bp lower than the yield at the previous auction of the bills two weeks earlier.

The agency sold HUF 15.5 bln of seven-year green bonds, raising its original offer by HUF 5.5 bln after bids reached HUF 30.8 bln. The average yield was 6.84%.

ÁKK sold HUF 18.5 bln of a three-year floating-rate bond, HUF 8.5 bln over the plan. Bids came to HUF 28.1 bln.

The agency sold a further HUF 5.3 bln of the floating-rate bonds and HUF 0.1 bln of the green bonds at a non-competitive tender after the auction.

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