ÁKK sells HUF 79 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 79 billion of bonds at auction on Thursday, HUF 17 bln more than planned.
ÁKK sold HUF 36 bln of five-year bonds, raising its original offer by HUF 11 bln after primary dealers bid for HUF 54 bln of the securities. The average yield was 2.05%, 1 bp under the secondary market benchmark but 1 bp over the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 25 bln of 10-year bonds, in line with the original offer. Bids reached HUF 35.1 bln. The average yield was 2.82%, 3 bp under the benchmark and level with the yield at the auction two weeks earlier.
ÁKK sold HUF 18 bln of 20-year bonds, HUF 6 bln more than planned. Bids came to HUF 25.9 bln. The average yield was 3.29%, 3 bp under the benchmark and 11 bp lower than the yield at the previous auction of the bonds in mid-June.
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