ÁKK sells HUF 67.5 bln of bonds, over plan
Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 67.5 bln of bonds at auction today (Thursday), raising its original offer by HUF 22.5 bln, Hungarian news agency MTI reported.
The ÁKK sold HUF 27 bln of three-year bonds, HUF 9 bln more than the original offer. Primary dealers bid for HUF 61.57 bln of the papers. Average yield was 1.22%, 1 bps over the secondary market benchmark but 13 bps lower than the yield at the previous auction of the bonds.
The ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln more than planned. Bids came to HUF 70.06 bln. The average yield was 1.79%, 1 bps over the benchmark and down 17 bps compared to the yield at the previous auction.
The ÁKK sold HUF 18 bln of 10-year bonds, HUF 6 bln more than the original offer. Bids reached HUF 32.95 bln. The average yield was 2.85%, 3 bps over the benchmark, and 14 bps lower than the yield at the last auction of the bonds.
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