ÁKK sells HUF 97.5 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold HUF 97.5 bln of bonds at auction on Thursday, HUF 32.5 bln over the plan, according to a report by state news wire MTI.
ÁKK sold HUF 37.5 bln of five-year bonds, raising its original offer by HUF 12.5 bln after primary dealers bid for HUF 67.3 bln of the securities. The average yield was 1.36%, 5 bp under the secondary market benchmark and 10 bp lower than the yield at the previous auction of the bonds one week earlier.
The agency sold HUF 37.5 bln of 10-year bonds, also HUF 12.5 bln over the original offer. Bids came to HUF 82.3 bln. The average yield was 2.26%, 10 blp under the benchmark and 18 blp lower than the yield at the auction a week earlier.
ÁKK sold HUF 22.5 bln of 15-year bonds, HUF 7.5 bln over the plan. Bids reached HUF 38 bln. Average yield was 2.75%, 4 bp under the benchmark, but 25 bp over the yield at the previous auction of the bonds two weeks earlier.
The agency sold a further HUF 3.1 bln of the five-year, HUF 4.8 bln of the 10-year and HUF 3.9 bln of the 15-year bonds at a non-competitive tender after the auction.
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