ÁKK sells HUF 62 bln of bonds at auction, over plan
Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 62 bln of bonds at an auction today, raising its original offer by HUF 17 bln, Hungarian news agency MTI reported.
ÁKK sold HUF 27 bln of three-year bonds, HUF 7 bln more than planned after primary dealers bid for HUF 37.92 bln of the papers. Average yield was 1.82%, the same as the secondary market benchmark but 7 bps over the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 20 bln of five-year bonds, HUF 5 bln more than planned after receiving bids for HUF 27.35 bln. Average yield was 2.44%, again the same as the secondary market benchmark but 8 bps higher than the yield two weeks earlier.
ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln more than planned. Dealers bid for HUF 38.8 bln of the bonds. Average yield was 3.36%, 2 bps under the secondary market benchmark but 4 bps higher than at the previous auction of the bonds two week earlier.
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