ÁKK sells HUF 64 bln of bonds at auction, more than planned
The Government Debt Management Agency (ÁKK) sold a combined HUF 64 bln of bonds at auction today, raising its original offer by HUF 19 bln on strong demand, Hungarian news agency MTI reported.
ÁKK sold HUF 26.5 bln of three-year bonds, raising its original offer by HUF 6.5 bln after primary dealers submitted bids for HUF 41.9 bln. Average yield was 2.21%, 1 bps under the secondary market benchmark and 3 bps lower than the yield at the previous auction of the papers two weeks earlier.
ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln more than planned. Dealers bid for HUF 79.0 bln. Average yield was 2.77%, 6 bps under the benchmark, but 14 bps over the yield at the auction two weeks earlier.
ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln more than planned. Bids came to HUF 26.1 bln. Average yield was 3.66%, level with the benchmark but 20 bps over the yield two weeks earlier.
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