ÁKK sold HUF 26.5 bln of five-year bonds, raising its original offer by HUF 11.5 bln after primary dealers bid for HUF 51.4 bln of the securities. The average yield was 7.05%, 7 bp over the secondary market benchmark and 55 bp higher than the yield at the previous auction of the bonds four weeks earlier.
The agency sold HUF 26 bln of 10-year bonds, HUF 11 bln more than planned. Bids reached HUF 92 bln. The average yield was 6.71%, 8 bp over the benchmark and 22 bp higher than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 7.5 bln of 20-year bonds, cutting its offer by HUF 2.5 bln after bids came to just HUF 12.4 bln. The average yield was 6.58%, 10 bp over the benchmark and 16 bp higher than the yield at the previous auction of the bonds four weeks earlier.
It sold a further HUF 8.9 bln of the five-year bonds and HUF 9.4 bln of the 10-year bonds at a non-competitive tender after the auction.
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