ÁKK sells less-than-planned HUF 67 bln of bonds at switch auction
Budapest, October 8, 2014 (MTI-ECONEWS) - The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 67 bln of bond maturing in 2019 and 2020 for papers that run until 2015 and 2016, respectively, at a switch auction on Wednesday, HUF 33 bln less than planned, Hungarian news agency MTI reported today.
ÁKK sold just HUF 17 bln of floating rate 2019/B bonds, well under the HUF 50 bln original offer. Bids came to HUF 19.1 bln. ÁKK accepted 2015/B bonds as payment for the papers.
ÁKK sold HUF 50 bln of 2022/A bonds, in line with the original offer. Bids reached HUF 77.3 bln. ÁKK accepted 2016/D bonds as payment. Average auction yield was 3.86%.
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