ÁKK sells HUF 70 bln of securities at auction, HUF 10 bln more than planned
The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of securities at auction on Thursday, raising its offer by HUF 10 bln on strong demand for five-year floating rate bonds.
ÁKK sold HUF 40 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for HUF 56.0 bln of the papers.
Average yield was 1.64%, level with the secondary market benchmark but 3bp under the yield at the previous auction of the bills two weeks earlier. Yields ranged between 1.59% and 1.68%.
ÁKK sold HUF 30 bln of the five-year floaters, raising its original offer by HUF 10 bln after dealers bid for HUF 67.4 bln.
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