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ÁKK raises offers for T-bills, bond on strong demand

The Government Debt Management Agency (ÁKK) raised its offers for twelve-month discount T-bills and a five-year floating rate bond on strong demand at auctions on Thursday.

ÁKK sold HUF 60 billion of the T-bills, raising its original offer by HUF 10 billion after primary dealers submitted bids for HUF 148.9billion. Average yield was 5.93%, 2bp under the secondary market benchmark and 1bp lower than the yield at the previous auction of the bills two weeks earlier. Yields ranged between 5.90% and 5.94%.

ÁKK sold HUF 7.5 billion of the bonds, raising its original offer by HUF 2.5 billion. Dealers bid for HUF 31.0 billion of the bonds.