ÁKK sells HUF 79.5 bln of bonds at auction
The Government Debt Management Agency (ÁKK) sold HUF 79.5 billion of bonds at auction on Thursday, HUF 14.5 bln more than planned, according to a report by state news wire MTI.
ÁKK sold HUF 35.5 bln of five-year bonds, raising its original offer by HUF 5.5 bln after primary dealers bid for HUF 43.6 bln of the securities. The average yield was 2.03%, level with the secondary market benchmark but 2 bp under the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 21.5 bln of 10-year bonds, HUF 1.5 bln over the original offer. Bids reached HUF 33.5 bln. The average yield was 2.8, the same as the benchmark but 3 bp over the yield at the auction two weeks earlier.
ÁKK sold HUF 22.5 bln of 15-year bonds, raising its offer by HUF 7.5 bln after bids came to HUF 32.7 bln. Average yield was 3.17%, 2 bp over the benchmark and 3 bp higher than the yield at the previous auction of the bonds four weeks earlier.
The agency sold a further HUF 0.8 bln of the 15-year bonds at a non-competitive tender after the auction. No offers were made at the tender for the five- or 10-year bonds.
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