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ÁKK sells HUF 31 bln of securities, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 31 billion of securities at auction on Thursday, as planned, state news wire MTI reported.

The ÁKK sold HUF 25 bln of discount 12-month T-bills, in line with the original offer. Primary dealers bid for HUF 66.1 bln of the securities. The average yield was 0.20%, 1 basis point under the secondary market benchmark and 3 bps lower than the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 6 bln of five-year floating rate bonds, as planned. Bids for the bonds came to HUF 10.4 bln.