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ÁKK sells HUF 35 bln of securities, as planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Thursday, in line with the original offer, according to a report by state news wire MTI.

ÁKK sold HUF 20 bln of discount 12-month T-bills, in line with the original offer. Primary dealers bid for HUF 82.2 bln of the securities. The average yield was 1.53%, 5 bp over the 1.48% secondary market benchmark and 4 bp lower than the yield at the previous auction of the securities two weeks earlier.

ÁKK also sold HUF 15 bln of eight-year floating-rate bonds, in line with its original offer, after dealers bid for HUF 33.45 bln of the securities.

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