ÁKK sells HUF 70 bln of securities at auctions, HUF 10 bln more than planned
The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of securities at auctions on Thursday, HUF 10 bln more than planned. ÁKK sold HUF 40 bln of discount twelve-month T-bills, as announced. Primary dealers bid for HUF 58 bln of the securities.
Average yield was 1.63%, 5 bp over the secondary market benchmark but 16 bp under the yield at the previous auction of the papers two weeks earlier. Yields ranged between 1.55% and 1.70%.
ÁKK raised its offer for five-year floating-rate bonds by HUF 10 bln to HUF 30 bln after primary dealers bid for HUF 72 bln of the papers.
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