ÁKK sells HUF 75 bln of bonds at auction
The Government Debt Management Agency (ÁKK) sold HUF 75 billion of bonds at auction on Thursday, HUF 10 bln more than planned, according to a report by state news wire MTI.
ÁKK sold HUF 37.5 bln of five-year bonds, raising its original offer by HUF 12.5 bln after primary dealers bid for HUF 68.2 bln of the securities. The average yield was 2.02%, 3 bp under the secondary market benchmark, but 2 bp over the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 27.5 bln of 10-year bonds, HUF 2.5 bln over the original offer. Bids reached HUF 45.8 bln. The average yield was 2.85%, 1 bp over the benchmark, but 5 bp under the yield at the auction two weeks earlier.
ÁKK sold HUF 10 bln of 20-year bonds, cutting its offer by HUF 5 bln after dealers bid just HUF 13.8 bln. Average yield was 3.4%, level with the benchmark but 23 bp higher than the yield at the previous auction of the bonds in early April.
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