ÁKK Sells HUF 60.5 bln of Bonds at Auction, Double Plan
The Government Debt Management Agency (ÁKK) sold HUF 60.5 billion of bonds at auction on Thursday, a little more than double the planned amount, according to a report by state news wire MTI.
ÁKK sold HUF 31.5 bln of three-year bonds, raising its original, HUF 10 bln offer after primary dealers bid for HUF 60.2 bln of the securities. The average yield was 7.98%, 2 bp over the secondary market benchmark yield but 20 bp under the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 16.5 bln of five-year bonds, HUF 6.5 bln more than planned. Bids came to HUF 30.2 bln. The average yield was 7%, 2 bp over the benchmark yield but 19 bp under the yield at the auction two weeks earlier.
ÁKK sold HUF 12.5 bln of 10-year bonds, HUF 2.5 bln over the plan. Bids reached HUF 24.8 bln. The average yield was 7%, 4 bp over the benchmark but 22 bp under the yield two weeks earlier.
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