BUDAPEST: The Government Debt Management Agency (ÁKK) sold a combined HUF 39 billion of securities at auction today, HUF 8 billion more than planned, Hungarian news agency MTI reported.
ÁKK sold HUF 30 billion of discount twelve-month T-bills, raising its original offer by HUF 5 billion after primary dealers bid for HUF 68 billion of the securities. Average yield was 0.72%, 3 bps under the secondary market benchmark and 28 bps lower than the yield at the previous auction of the bills two weeks earlier.
ÁKK sold HUF 9 billion of a five-year floating-rate bond, HUF 3 billion more than planned. Bids for the bonds came to HUF 20.1 billion .
