ÁKK sold HUF 14.5 bln of 2024/B bonds accepting 2017/A bonds as payment and a further HUF 15.5 bln of 2028/A bonds for 2018/B bonds.
Bids by primary dealers reached HUF 39.31 bln for buying the bonds expiring in 2024 and HUF 34.25 bln for the 2028/B exchange.
ÁKK had planned to exchange HUF 20 bln for both the 2017/A bonds and the 2018/B bonds.
The 2024 bonds sold at an average yield of 2.69% at the exchange and the average was 3.09% for the 2028/B bonds. Of the closest secondary market benchmarks, the five-year benchmark, calculated on 2021/B bonds, was 2.15% and the ten-year benchmark, calculated on 2027/A bonds, was 3.04% on Tuesday.
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