ÁKK Sells HUF 90.5 bln in Bonds
The Government Debt Management Agency (ÁKK) sold HUF 90.5 billion of bonds at auction yesterday, a little more than double the HUF 45 bln plan, according to data released on its website.
ÁKK sold HUF 37.5 bln of three-year bonds, raising its original offer by HUF 17.5 bln after primary dealers bid for HUF 53 bln of the securities; the average yield was 9.12%.
The agency sold HUF 30.5 bln of five-year bonds, HUF 15.5 bln over the plan. Bids reached HUF 52.8 bln, and the average yield was 8.84%.
ÁKK sold HUF 22.5 bln of 10-year bonds, HUF 12.5 bln more than the original offer. Bids came to HUF 47.8 bln with an average yield of 8.21%.
After the auction, the agency also sold a further HUF 600 million of the three-year and HUF 500 mln of the five-year bonds at a non-competitive tender.
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