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ÁKK sells fraction over plan at securities auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 41.0 billion of securities at auction on Thursday, slightly more than the original offer, state news wire MTI reported.

The ÁKK sold HUF 30.0 bln of discount 12-month T-bills, as planned. Primary dealers bid for HUF 80.4 bln of the securities. The average yield was 0.22%, 1 basis point over the secondary market benchmark, but 7 bps lower than the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 11.0 bln of five-year floating-rate bonds, raising its original offer slightly by HUF 1.0 bln after bids came to HUF 24.8 bln.