AKK Sells HUF 68 Bn of Securities at Auction

The Hungarian Government Debt Management Agency (AKK) sold HUF 68.0 billion of securities at auction on Wednesday, HUF 18.0 billion more than planned.

As MTI reports, AKK sold HUF 8.0 billion of discount twelve-month T-bills, cutting its original HUF 30.0 billion offer after primary dealers bid for just HUF 12.0 billion of the securities. Average yield was 6.21%, 6 basis points over the secondary market benchmark yield but 4 basis points under the yield at the previous auction of the bills two weeks earlier.

AKK sold HUF 40.0 billion of a seven-year green bond, HUF 30.0 billion more than planned. Bids reached HUF 83.4 billion. Average yield was 6.49%, 10 basis points over the yield at the previous auction of the bonds on November 21, 2024.

AKK sold HUF 20.0 billion of 15-year bonds, double the plan. Bids came to HUF 40.7 billion. Average yield was 7.09%, level with the benchmark but 24 basis points under the yield at the previous auction of the bonds on August 28.