The yield of the bond, maturing on July 25, 2029, was 4.275%, 160 bp over mid-swaps, and 202.5 bp over the benchmark German security maturing on April 12, 2029.

Interest in the bond was nearly four times the offer, ÁKK said.

The proceeds from the issue will be used to finance or refinance green expenditures of the budget in line with Hungary's updated Green Bond Framework.

The issue was lead managed by BNP Paribas, Citibank, Deutsche Bank, and JP Morgan.