ÁKK Sells HUF 46.5 bln of Bonds at Auction, Over Plan
The Government Debt Management Agency (ÁKK) sold HUF 46.5 bln of bonds at auction on Thursday, HUF 10.5 bln more than planned, according to a report by state news wire MTI.
ÁKK sold HUF 10 bln of three-year bonds, cutting its original offer by HUF 2 bln. Primary dealers bid for HUF 17.8 bln of the securities. The average yield was 6.08%, 9 bp over the secondary market benchmark yield and 28bp higher than the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 18 bln of five-year bonds, HUF 6 bln more than planned. Bids reached HUF 33.8 bln. The average yield was 5.85%, 10 bp over the benchmark and 33 bp higher than the yield at the bond auction two weeks earlier.
ÁKK sold HUF 18.5 bln of 10-year bonds, HUF 6.5 bln over the original offer. Bids came to HUF 38.7 bln. Average yield was 6.19%, 10 bp over the benchmark and 26 bp higher than the yield two weeks earlier.
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