The Government Debt Management Agency (ÁKK) sold HUF 40 billion of bonds maturing in 2026 and 2031, accepting ones expiring in 2022 as payment at a switch auction on Wednesday, state news wire MTI reports.
ÁKK sold HUF 20 bln of 2026/D bonds for 2022/A ones, in line with its original offer. Demand by primary dealers came to HUF 35.55 bln for the exchange.
ÁKK also sold HUF 20 bln of 2031/A bonds for 2022/A bonds, also in line with its original offer. Bids reached HUF 47.54 bln.
The 2026/D bonds sold at an average yield of 1.65% and the 2031/A bonds at a yield of 2.32%. The average yield of the 2022/A bonds was 0.06%.
Of the closest secondary market benchmarks, the five-year benchmark calculated on 2025/C bonds was 1.35% and the 10-year benchmark calculated on 2030/A bonds was 2.22%.