ÁKK sells HUF 60 bln of securities at auctions, HUF 10 bln over offer
The Government Debt Management Agency (ÁKK) sold HUF 60 bln of securities at auctions on Thursday, HUF 10 bln more than planned. ÁKK sold HUF 30 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for HUF 54.7 bln.
Average yield was 1.82%, 7bp over the secondary market benchmark and 19bp higher than the yield at an auction of the papers four weeks earlier. The previous auction, two weeks earlier, was unsuccessful. Yields ranged between 1.75% and 1.85%.
ÁKK also sold HUF 30 bln of three-year floating-rate bonds, raising its original offer by HUF 10 bln after dealers bid for HUF 76.2 bln.
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