ÁKK sells HUF 62.5 bln of bonds at auction, over plan (adds details)
The Government Debt Management Agency (ÁKK) sold a combined HUF 62.5 bln of bonds at auction today, raising its original offer by HUF 17.5 bln on strong demand.
ÁKK sold HUF 25 bln of three-year bonds, raising its original offer by HUF 5 bln after primary dealers submitted bids for HUF 44.3 bln.
Average yield was 2.02%, 6 bp under the secondary market benchmark and 1 bp lower than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln more than planned. Bids came to HUF 74.5 bln.
Average yield was 2.79%, 10 bp under the benchmark and 12 bp lower than the yield two weeks earlier.
ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln over the announced amount. Bids reached HUF 51.3 bln.
Average yield was 3.80% 11 bp under the benchmark and 1 bp lower than the yield at the previous auction.
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