The ÁKK sold HUF 18.5 bln of 2026/D bonds for 2020/C bonds, a little below its original offer of HUF 20 bln. Demand from primary dealers came to HUF 38.45 bln for the exchange.
The 2026/D bonds sold at an average yield of 3.56%. The average yield of the 2020/C bonds was 0.84%.
The ÁKK also sold HUF 20 bln of 2028/A bonds for 2020/A bonds, in line with the original offer. Bids reached HUF 28.74 bln.
The 2028/A bonds sold at an average yield of 3.71%. The average yield of the 2020/A bonds was 0.88%.
Of the closest secondary market benchmarks, the three-year benchmark calculated on 2021/C bonds was 1.67%, the five-year benchmark calculated on 2024/C bonds was 3.11%, and the ten-year benchmark calculated on 2027/A bonds was 3.69%.
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