ÁKK sells HUF 85.5 bln of bonds at auction, over plan
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The Government Debt Management Agency (ÁKK) sold a combined HUF 85.5 billion of bonds at auction on Thursday, raising its original offer by HUF 15.5 bln on strong demand from primary dealers.
The ÁKK sold HUF 27.0 bln of three-year bonds, raising its original offer by HUF 2.0 bln, after bids came to HUF 39.5 bln. The average yield was 0.74%, 2 basis points under the secondary market benchmark and 1 bp lower than the yield at the previous auction of the bonds two weeks earlier.
The ÁKK also sold HUF 33.5 bln of five-year bonds, HUF 8.5 bln over plan. Bids reached HUF 62.7 bln, and the average yield was 1.29%, 3 bps under the benchmark but 3 bps higher than the yield at the bond auction two weeks earlier.
Finally, the ÁKK sold HUF 25.0 bln of ten-year bonds, HUF 5.0 bln more than planned. Dealers bid for HUF 38.9 bln of the papers. The average yield was 2.54%, 2 bps under the benchmark but 17 bps higher than two weeks earlier.
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