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ÁKK sells HUF 76 bln of bonds at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 76 billion of bonds at auction on Thursday, raising its original offer by HUF 16 bln, state news agency MTI reported.

The ÁKK sold HUF 20.0 bln of three-year bonds, in line with its original offer. Dealers bid for HUF 33.25 bln of the securities. The average yield was 1.01%, 3 basis points below the secondary market benchmark yield and 25 bps below the yield at the previous auction of the bonds two weeks earlier.

The ÁKK also sold HUF 33.5 bln of five-year bonds, raising its original offer by HUF 8.5 bln, after bids came to HUF 85.02 bln. The average yield was 1.73%, 8 bps under the benchmark and 28 bps lower than the yield two weeks earlier.

Finally, the ÁKK sold HUF 22.5 bln of 15-year bonds, HUF 7.5 bln over the plan. Bids came to HUF 66.42 bln, and the average yield was 3.64%, 2 bps over the benchmark, but 11 bps under the yield at the previous auction. 

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