ÁKK sold HUF 8.5 bln of 2024/B bonds accepting 2017/A bonds as payment and a further HUF 10.5 bln of 2025/B bonds for 2018/B bonds.

Bids by primary dealers reached HUF 22.6 bln for the 2017/A bond exchange and HUF 17.2 bln for the 2018/B exchange.

ÁKK had planned to exchange HUF 20 bln for both the 2017/A bonds and the 2018/B bonds.

The average yield at the exchange for 2017/A bonds was 3.29% and 3.33% for the exchange of the 2018/B bonds. The closest ten-year secondary market benchmark, calculated on 2025/B bonds, was 3.35% on yesterday.