ÁKK sells HUF 82.5 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold HUF 82.5 billion of bonds at auction on Thursday, HUF 12.5 bln more than planned.
ÁKK sold HUF 45 bln of five-year bonds, raising its original offer by HUF 15 bln after primary dealers bid for HUF 122.2 bln of the securities. The average yield was 1.68%, 4 bp under the secondary market benchmark and 5 bp lower than the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 25 bln of 10-year bonds, as planned. Bids came to HUF 41.2 bln. The average yield was 2.77%, 1 bp over the benchmark and 8 bp higher than the yield two weeks earlier.
ÁKK sold HUF 12.5 bln of 15-year bonds, cutting its original offer by HUF 2.5 bln after bids reached just HUF 18.8 bln. The average yield was 3.19%, 1 bp over the benchmark and 19 bp higher than the yield at the previous auction of the bonds on March 25.
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