ÁKK sells HUF 60 bln of securities at auction, as planned

Debt

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount twelve-month T-bills and HUF 20 bln of floating rate bonds at auction on Thursday. Sales of both securities were the same as the original respective offers, Hungarian news agency MTI reported today.

Primary dealers bid HUF 70.5 bln for the twelve-month bills. Average yield was 1.86, 1bp over the secondary market benchmark but 2bp lower than the yield at the previous auction of the papers two weeks earlier. Yields ranged between 1.83% and 1.88%.

Offers for the floating rate 2017/C bonds came to HUF 42.7 bln.

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