ÁKK sold HUF 20 bln of 2024/B bonds accepting 2017/A bonds as payment and a further HUF 20 bln of 2025/B bonds for 2018/B bonds.
Primary dealers bid to buy HUF 25.0 bln bonds expiring in 2024 and HUF 36.1 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 2.69% at the exchange and the average was 2.73% for the 2025/B bonds, both down from the same exchanges two weeks earlier.
Of the closest secondary market benchmarks, the five-year benchmark, calculated on 2021/B bonds, was 2.04% and the ten-year benchmark, calculated on 2027/A bonds, was 2.91% on Tuesday.
ÁKK calculated the 2017/A bonds which expire on November 24, 2017 at a yield of 0.83% as payment. It took 2018/B bonds expiring on January 15, 2018 at a yield of 1.12%.
The twelve-month secondary market yield was 0.94% on Tuesday.
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