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ÁKK sells planned volume of floaters on moderate oversubscription

Debt

The Government Debt Management Agency (ÁKK) sold the announced HUF 20 bln of three-year floating-rate bonds at rising prices an auction on today.

Demand for the 2017/C bonds dropped to HUF 32.0 bln from HUF 59.7 bln on June 19 when ÁKK raised its sales from the announced HUF 20 bln to HUF 30 bln.

This was the first time since late April that ÁKK offered just one floater at the bi-weekly auctions where it recently offered both three- and five-year floating-rate bonds.

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