ÁKK sells HUF 97.5 bln of bonds at auction, over plan 

Debt

The Government Debt Management Agency (ÁKK) sold HUF 97.5 billion of bonds at auction on Thursday, HUF 27.5 bln more than planned, state news wire MTI reports.

ÁKK sold HUF 45 bln of five-year bonds, raising its original offer by HUF 15 bln after primary dealers bid for HUF 91.2 bln of the securities. Average yield was 1.42%, 2 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 37.5 bln of 10-year bonds, HUF 12.5 bln more than planned. Bids reached HUF 59.3 bln. Average yield was 2.28%, 1 bp under the benchmark but 13 bp over the yield one week earlier.

ÁKK sold HUF 15 bln of 15-year bonds, in line with the original offer. Bids came to HUF 20.9 bln. Average yield was 2.42%, 2 bp over the benchmark and 13 bp higher than the yield at the previous auction of the bonds on December 10.

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