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ÁKK raises offer for three-year bonds Ft 10 bln

The State Debt Management Center (ÁKK) sold Ft 75 billion of three-year bonds at auction on Thursday, Ft 10 billion more than planned. Offers for the bonds came to Ft 174.9 billion, the ÁKK said. ÁKK issued a further Ft 8.5 billion of the bonds for its own account. Despite the raised offer, average yield at the auction was 6.81%, only 1bp over Wednesday's secondary market benchmark and 11bp less than the yield at the previous auction of the bonds on February 2.