ÁKK sells HUF 70 bln of securities at auction, HUF 10 bln more than planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of securities at auction on Thursday, raising its original offer by HUF 10 bln. ÁKK sold HUF 40 bln of discount twelve-month T-bills, in line with the original offer.

Primary dealers bid for HUF 74.1 bln of the papers.

Average yield was 1.67%, 3bp over the secondary market benchmark and 4bp higher than the yield at the previous auction of the securities two weeks earlier. Yields ranged between 1.60% and 1.70%.

ÁKK sold HUF 30 bln of three-year floating-rate bonds. It raised the original offer by HUF 10 bln after dealers bid for HUF 71.5 bln.

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