ÁKK sells HUF 88.5 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 88.5 billion of bonds at auction on Thursday, HUF 18.5 bln more than planned, according to a report by state news wire MTI.
ÁKK sold HUF 20 bln of three-year bonds, in line with the original offer. Primary dealers bid for HUF 38.9 bln of the securities. The average yield was 1.02%, 1 bp under the secondary market benchmark, but 3 bp over the yield at the previous auction of the bonds one week earlier.
The agency sold HUF 46 bln of five-year bonds, raising its original offer HUF 11 bln after bids reached HUF 63.6 bln. The average yield was 1.43%, 3 bp over the benchmark and 8 bp higher than the yield one week earlier.
ÁKK sold HUF 22.5 bln of 10-year bonds, HUF 7.5 bln more than planned. Bids came to HUF 44.6 bln. The average yield was 2.42%, 2 bp over the benchmark and 20 bp higher than the yield at the previous auction of the bonds two weeks earlier.
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