ÁKK sells HUF 76.5 bln of bonds at auction
The Government Debt Management Agency (ÁKK) sold a combined HUF 76.5 billion of bonds at auction on Thursday, HUF 24.5 bln more than planned, state news wire MTI reports.
ÁKK sold HUF 30 bln of five-year bonds, raising its original offer by HUF 10 bln after primary dealers bid for HUF 76.2 bln of the securities. The average yield was 2.53%, 2 bp under the secondary market benchmark but 22 bp over the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 28.5 bln of 10-year bonds, HUF 8.5 bln more than planned. Bids reached HUF 47.6 bln. The average yield was 3.07%, 1 bp under the benchmark and 19 bp higher than the yield at the auction two weeks earlier.
ÁKK sold HUF 18 bln of 20-year bonds, HUF 6 bln over the original offer. Bids came to HUF 32.5 bln. Average yield was 3.56%, 2 bp under the benchmark and 26 bp higher than the yield at the previous auction of the bonds four weeks earlier.
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