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ÁKK sells HUF 65 bln of bonds at auction, HUF 15 bln over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 65 bln of bonds at auction today, raising its original offer by HUF 15 bln on strong demand by primary dealers, Hungarian news agency MTI reported.

ÁKK sold HUF 20 bln of three-year bonds, as planned. Bids came to HUF 33.7 bln.

Average yield was 1.92%, 2 bps under the secondary market benchmark but 5 bps over the yield at the previous auction of the bonds two weeks earlier.

ÁKK sold HUF 30 bln of five-year bonds, raising its original offer by HUF 10 bln after dealers bid for HUF 88.8 bln.

Average yield was 2.43%, level with the secondary benchmark but 10 bps over the yield at the auction two weeks earlier.

ÁKK sold HUF 15 bln of 15-year bonds, HUF 5 bln over the plan. Bids reached HUF 24.9 bln.

Average yield was 3.66%, 1 bps over the benchmark and 26 bps lower than the yield at the previous 15-year bond auction in mid-November.

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