ÁKK sells HUF 60 bln of bonds at auction, more than planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 60 billion of securities at auction today, over the HUF 50 bln plan.

ÁKK sold HUF 50 bln of discount twelve-month T-bills, raising its original offer by HUF 10 bln. Primary dealers bid for HUF 100.04 bln of the papers. Average yield was 0.93%, down by 27 bps compared to the previous action and the same as the secondary market benchmark.

ÁKK also sold HUF 10 bln of three-year floating-rate bonds, as planned. Dealers bid for HUF 23.40 bln of the securities.

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