Hungary’s Government Debt Management Agency (ÁKK) allotted 45 billion forints worth of 12-month discount Treasury Bills at its biweekly auction on Thursday, against the planned HUF 30 bn. Demand was substantial not only on the 12-m bills, but also for the floating-rate bonds.
The ÁKK has received HUF 73.5 bn worth of bids from primary dealers on a HUF 30 bn lot of 12-m bills today, as a response to which it raised the allotted volume by the maximum of 50% to HUF 45 bn. The average yield was set to 0.05%, matching the average yield at the previous auction of this maturity a fortnight ago.
The issuer also sold 5-year floating-rate bonds, allotting a total volume of HUF 12 billion, having received HUF 18.8 bn in bids on a HUF 8 bn lot.
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