The ÁKK sold HUF 19.5 bln of 2025/B bonds, accepting 2020/B bonds and 2020/C bonds in exchange. The ÁKK had offered to sell HUF 20 bln of the 2025/B bonds at each of the auctions.
The ÁKK sold HUF 5.5 bln of the 2025 bonds accepting 2020/B bonds as payment, and HUF 14 bln of the 2025 bonds in exchange for 2020/C bonds.
Demand from primary dealers came to HUF 8.15 bln for the 2020/B bonds exchange, and HUF 21 bln for the 2020/C bonds exchange.
The 2025/B bonds sold at an average yield of 2.23% at the exchange. The average yield of the 2020/B bonds was 0.25%, and the 2020/C bonds 0.53%.
Of the closest secondary market benchmarks, the five-year benchmark calculated on 2022/B bonds was 1.51%, while the three-year benchmark calculated on 2021/C bonds was 0.87%.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
