ÁKK sells HUF 63 bln in bonds at auction
The Government Debt Management Agency (ÁKK) sold a combined HUF 63 bln in bonds at an auction on Thursday, raising its original offer by HUF 21 bln following strong demand. ÁKK sold HUF 22.5 bln of three-year bonds, raising its original offer from HUF 15 bln after primary dealers submitted offers for HUF 70.2 bln.
Average yield was 2.48%, 4bp over the secondary benchmark and 24bp higher than the yield at the previous auction of the bonds two weeks earlier.
ÁKK also sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln more than planned. Bids came to HUF 70.6 bln. Average yield was 3.19%, 7bp over the benchmark and 30bp higher than the yield at the auction two weeks earlier.
ÁKK sold HUF 18 bln of ten-year bonds, HUF 6 bln more than planned. Offers reached HUF 39.5 bln. Average yield was 3.73%, 3bp over the benchmark and 28bp higher than two weeks earlier.
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