Demand for both papers rose from two weeks earlier and especially the three-year floaters on offer were heavily oversubscribed.
The ÁKK sold HUF 30 bln of twelve-month discount T-bills expiring on December 20 this year, in line with the original offer. Bids came to HUF 62.2 bln. The average yield was 0.26%, 2 bps over the latest secondary market benchmark, calculated on the same bill series, and 7 bps lower than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 10 bln of three-year floating rate bonds, sticking to its original offer despite receiving bids for HUF 68.6 bln. The average auction price rose to 99.56% from 99.46% at the previous auction of the same bond held on December 29.
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