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ÁKK sells HUF 39.0 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 39.0 billion of securities at auction on Thursday, HUF 3.0 bln more than planned, state news wire MTI reported.

The ÁKK sold HUF 30.0 bln of discount 12-month T-bills, in line with its original offer. Primary dealers bid for HUF 100.7 bln of the papers. The average yield was 0.38%, 1 basis point over the secondary market benchmark, but 4 bps under the yield at the previous auction of the bills two weeks earlier.

The ÁKK also sold HUF 9.0 bln of five-year floating-rate bonds, raising its offer by HUF 3.0 bln after bids came to HUF 31.4 bln.