ÁKK sold HUF 7 bln of 2024/B bonds accepting 2017/A bonds as payment and a further HUF 14.5 bln of 2025/B bonds for 2018/B bonds.
Bids by primary dealers reached HUF 12.26 bln for buying the bonds expiring in 2024 and HUF 28.24 bln for the 2025/B exchange.
ÁKK had planned to exchange HUF 20 bln for both the 2017/A bonds and the 2018/B bonds.
The 2024 bonds sold at an average yield of 2.83% at the exchange and the average was 2.86% for the 2025/B bonds.
Of the closest secondary market benchmarks, the five-year benchmark, calculated on 2021/B bonds, was 2.12% and the ten-year benchmark, calculated on 2027/A bonds, was 3.02% on Tuesday.
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