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

Debt

A new law on public procurement is currently being drafted and is scheduled to be approved by the Hungarian Parliament in the second half of the year, Cabinet Chief János Lázár announced at a business conference today.

Average yield was 1.62%, 1 bp under the secondary market benchmark and 2 bp lower than the yield at the previous auction of the bills two weeks earlier. Yields ranged between 1.59% and 1.65%.

ÁKK sold HUF 20 bln of three-year floating rate bonds. Bids for the securities came to HUF 32.9 bln.

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