ÁKK sold HUF 10 bln of 2029/A bonds for 2022/B bonds. Primary dealers bid to switch HUF 11.6 bln of their securities.
The agency sold HUF 7 bln of 2029/A bonds for 2022/C bonds. Bids reached HUF 9.4 bln.
In addition, ÁKK also sold HUF 9.5 bln of 2034/A bonds for 2023/C bonds. Bids came to HUF 13.7 bln.
ÁKK had planned to switch HUF 10 bln of each of the securities.
The average yield for the 2029/A bonds was 2.33% switched for the 2022/B bonds and 2.34% switched for the 2022/C bonds. Average yield for the 2034/A bonds was 2.95%.
The secondary market 10-year benchmark yield was 2.7% on Wednesday.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
