AutoWallis offered HUF 6 bln of the 10-year bonds at the auction on Friday. Bids reached 10.8 bln.

The average yield for the bond, which carries a 3% coupon, was 2.89%, 37 bp over mid-swaps.

Earlier in July, AutoWallis announced plans to raise financing to make green investments at its dealerships and e-mobility developments, including installing more EV charging stations and adding more EVs and hybrids to its rental fleet as well as its owns fleet.

AutoWallis is rated B+ by Scope Ratings.