ÁKK sells HUF 42 bln of securities at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 42.0 billion of securities at auction on Thursday, raising its original offer by HUF 4.0 bln on strong demand for floating-rate bonds, state news wire MTI reported.
The ÁKK sold HUF 30.0 bln of discount 12-month T-bills, as planned. Bids came to HUF 76.9 bln, and the average yield was 0.36%, 1 basis point under the secondary market benchmark and 2 bps lower than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 12.0 bln of five-year floating-rate bonds, raising its original offer by HUF 4.0 bln after primary dealersʼ bids reached HUF 45.7 bln.
The ÁKK sold a further HUF 4.0 bln of the five-year floaters at a non-competitive tender after the auction, MTI noted.
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