Primary dealers bid for HUF 65.4 bln of the papers.


Average yield was 1.77%, 1bp under the secondary market benchmark and 9bp lower than the yield at the previous auction of the bills two weeks earlier. Yields ranged between 1.70% and 1.80%.


AKK also sold HUF 30 bln of floating rate bonds, raising its original offer by HUF 10 bln after dealers bid for HUF 71.6 bln.


At a non-competitive tender following the auction, AKK sold a further HUF 9.6 bln of the floaters. Offers at the tender came to HUF 11.2 bln.