ÁKK sells HUF 45 bln of securities at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 45 billion of securities at auction on Thursday, according to a report by state news wire MTI.
ÁKK sold HUF 15 billion of discount 12-month T-bills, in line with the original offer. Primary dealers bid for HUF 33.6 bln of the securities. The average yield was 0.68%, 1 bp under the secondary market benchmark and 4 bp lower than the yield at the previous auction of the bills two weeks earlier.
The agency sold HUF 30 bln of six-year floating-rate bonds, raising its original offer by HUF 10 bln after bids reached HUF 76.9 bln.
ÁKK sold a further HUF 11.8 bln of the floaters at a non-competitive tender after the auction.
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