ÁKK sells HUF 64 bln of bonds at auction, over plan
The Hungarian Government Debt Management Agency (ÁKK) sold a combined HUF 64 bln of bonds at an auction today, raising its original offer by HUF 14 bln on strong demand, Hungarian news agency MTI reported.
ÁKK sold HUF 27 bln of three-year bonds, raising its original offer by HUF 7 bln after primary dealers bid for HUF 50.7 bln of the papers. Average yield was 1.53%, 3 bps under the secondary market benchmark but 5 bps over the yield a the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 24 bln of five-year bonds, HUF 4 bln over the plan. Bids came to HUF 42 bln. Average yield was 2.14%, 3 bps under the benchmark but 6 bps higher than the yield two weeks earlier.
ÁKK sold HUF 13 bln of ten-year bonds, HUF 3 bln more than planned. Dealers bid for HUF 18.9 bln of the securities. Average yield was 3.23%, 4 bps over the benchmark but 29 bps higher than at the previous auction of the bonds four weeks earlier.
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