ÁKK Sells HUF 73.5 bln of Securities at Auction, Over Plan

Figures

The Government Debt Management Agency (ÁKK) sold HUF 73.5 billion of securities at auction on Thursday, HUF 28.5 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 41.5 bln of discount 12-month T-bills, a multiple of the HUF 15 bln original offer. Primary dealers bid for HUF 95 bln of the bills. The average yield was 14.69%, 14 bp over the secondary market benchmark yield and 13 bp higher than the yield at the previous auction of the bills two weeks earlier.

The agency sold HUF 7 bln of three-year bonds, more than halving the original HUF 15 bln offer after bids reached just HUF 14.6 bln. The average yield was 10.66%, 13 bp under the benchmark but 32 bp over the yield at the previous auction of three-year bonds one week earlier.

ÁKK sold HUF 25 bln of 20-year bonds, HUF 10 bln over the plan. Bids came to HUF 38 bln. The average yield was 8.02%, 2 bp under the benchmark but 87 bp over the yield at the previous auction of the bonds late in January.

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