BUDAPEST: The Government Debt Management Agency (ÁKK) sold a combined HUF 31.5 bln of securities at auction on Thursday, less than planned.
ÁKK sold HUF 24 bln of discount twelve-month T-bills, under the original HUF 30 bln offer. Primary dealers bid for HUF 37.9 bln of the papers. Average yield was 0.99%, 2 bp over the secondary market benchmark but 3 bp under the yield at the previous auction of the bills two weeks earlier.
ÁKK also sold HUF 7.5 bln of floating-rate three-year bonds, under the original HUF 10 bln offer. Bids came to HUF 11.5 bln.
