ÁKK Sells HUF 40 bln of Securities at Auction, as Planned
The Government Debt Management Agency (ÁKK) sold HUF 40 billion of securities at auction on Thursday, as planned, according to a report by state news wire MTI.
ÁKK sold HUF 25 bln of discount 12-month T-bills, sticking to its original offer even after primary dealers bid for HUF 82.8 bln of the securities.
The average yield was 14.1%, 36 bp over the secondary market benchmark yield but 39 bp under the yield at the previous auction of the bills two weeks earlier.
ÁKK sold HUF 15 bln of 10-year floating-rate bonds. Bids reached HUF 54.6 bln.
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