The tender will raise the total stock by HUF 140 bln to HUF 1,720 bln as HUF 10 bln of one-month swaps will expire on the value date of the tenders, state news wire MTI reported.
The total stock of outlays will thus include from Wednesday HUF 79 bln of one-month, HUF 50 bln of three-month, HUF 50 bln of six-month, and HUF 1,541 bln of 12-month swaps.
On Monday the offered amount for the one-month EUR/HUF FX swap tender was EUR 79 mln, or HUF 24.80 bln. Banksʼ bids totaled EUR 246 mln, or HUF 77.22 bln, of which the MNB accepted HUF 49.91 bln.
For the three-month tender, the offered amount was HUF 24.80 bln, with bids coming in at HUF 97.31 bln, of which the MNB accepted HUF 49.91 bln.
At the six-month tender, the HUF 24.80 bln offered amount received HUF 182.06 bln of bids, and the accepted amount reached the offered HUF 24.80 bln.
For the 12-month tender, the offered amount was HUF 24.80 bln. Banksʼ bids totaled EUR 600 mln, or HUF 188.33 bln, of which the MNB accepted the offered HUF 24.80 bln.
Six banks participated at the one-month tender, three banks at the three-month tender, and five banks each at the six and 12-month tenders.
The central bank introduced the tenders for the FX swaps in the autumn of 2016 as an instrument for managing market liquidity after it put a cap on placements in three-month deposits, its main sterilization instrument.
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