ÁKK sells HUF 82.5bn of bonds at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 82.5 billion of bonds at auction on Thursday, HUF 27.5 bln over the plan, according to a report by state news wire MTI.

ÁKK sold HUF 30 bln of five-year bonds, raising its original offer by HUF 10 bln after primary dealers bid for HUF 63.5 bln of the securities. The average yield was 1.79%, 3 bp under the secondary market benchmark and 10 bp lower than the yield at the previous auction one week earlier.

The agency sold HUF 37.5 bln of 10-year bonds, HUF 12.5 bln over the plan. Bids reached HUF 52.9 bln. The average yield was 2.57%, 2 bp over the benchmark, but 8 bp under the yield at the auction one week earlier.

ÁKK sold HUF 15 bln of 20-year bonds, HUF 5 bln over the original offer. Bids came to HUF 23.9 bln. The average yield was 3.36%, 4 bp over the benchmark and 21 bp higher than the yield at the previous auction of the bonds two weeks earlier.

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