ÁKK sells HUF 62 bln of bonds at auction, HUF 7 bln more than planned
The Government Debt Management Agency (ÁKK) sold a combined HUF 62 bln of bonds at auction on Thursday, raising its offers for the two shorter terms and cutting the offer for the longest.
ÁKK sold HUF 25 bln of three-year bonds, raising its original offer by HUF 5 bln after primary dealers bid for HUF 41.2 bln of the securities. Average yield was 2.11%, 1bp over the secondary market benchmark but 14 bp under the yield at the previous auction of the bonds two weeks earlier. Yields ranged between 2.08% and 2.13%.
ÁKK sold HUF 25 bln of five-year bonds, also HUF 5 bln more than planned. Dealers bid for HUF 36.6 bln. Average yield was 2.47%, 6 bp over the benchmark but 15 bp under the yield two weeks earlier. Yields ranged between 2.40% and 2.50%.
ÁKK sold HUF 12 bln of ten-year bonds, cutting its original offer by HUF 3 bln after dealers' bids came to just HUF 18.8 bln. Average yield was 2.86%, 4 bp over the benchmark but 29 bp under the yield at the previous auction. Yields ranged between 2.80% and 2.88%.
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