Hungary’s Government Debt Management Agency (ÁKK) allotted 30 billion forints worth of 12-month discount Treasury Bills at its biweekly auction on Thursday, and it raised the auction of the 5-year variable bond over to heavy demand.
The ÁKK has received HUF 100.7 billion worth of bids from primary dealers on a HUF 30 bn lot of 12-month T-bills today. Despite heavy demand, the debt manager allotted only the original amount offered. The average yield was set to 0.38%, down 4 basis points over the average yield two weeks ago.
The ÁKK also sold 5-yr floating rate bonds today. A HUF 6 bn lot attracted HUF 31.4 bn in bids, as a response to which the issuer allotted HUF 9 bn of the instrument.