ÁKK sells HUF 64.5 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 64.5 billion of bonds at auction on Thursday, HUF 9.5 bln more than planned, state news wire MTI reported.
The ÁKK sold HUF 20.0 bln of three-year bonds, in line with the original offer. Primary dealers bid for HUF 25.2 bln of the securities, and the average yield was 1.73%, 3 basis points over the secondary market benchmark and 10 bps higher than the yield at the previous auction of the bonds two weeks earlier.
The agency also sold HUF 25.0 bln of five-year bonds, HUF 5.0 bln over plan, after bids came to HUF 35.3 bln. The average yield was 2.98%, 3 bps over the benchmark and 18 bps higher than the yield at the auction two weeks earlier.
Finally, the ÁKK sold HUF 19.5 bln of ten-year bonds, raising its original offer by HUF 4.5 bln after dealersʼ bids reached HUF 33.0 bln. The average yield was 3.58%, 1 bp over the benchmark and 17 bps higher than the yield two weeks earlier.
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