ÁKK sells HUF 65 bln of bonds at auction, HUF 15 bln over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 65 bln of bonds at auction today, raising its original offer by HUF 15 bln on strong demand from primary dealers, Hungarian news agency MTI reported.
ÁKK sold HUF 30 bln of three-year bonds, raising its original offer by HUF 10 bln. Dealers bid for HUF 75.9 bln of the papers. The average yield was 2.30%, 17 bps under the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 25 bln of five-year bonds, HUF 5 bln more than planned. Bids came to HUF 37.4 bln. Average yield was 2.74%, 9 bps under the yield two weeks earlier.
ÁKK sold HUF 10 bln of ten-year bonds, as announced. Bids reached HUF 15.6 bln. Average yield was 3.60%, 8 bps over the yield at the previous auction of the securities.
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