ÁKK sells HUF 20 bln of debut 10-year green bond

Debt

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of a 10-year green bond it offered for the first time at an auction on Thursday, in line with the original offer, according to a report by state news wire MTI.

Primary dealers bid for HUF 42.9 bln of the securities.

The average yield was 4.74%, 14 bp under the yield for the conventional 10-year benchmark on the secondary market.

ÁKK announced the launch of the green bond in December, when it published its 2022 financing plan. The 10-year securities will be offered monthly. ÁKK will continue to offer its 30-year green bonds on a quarterly basis.

ÁKK also sold HUF 22.5 bln of a seven-year floating-rate bond and HUF 37.5 bln of a 12-month discount T-bill at auction on Thursday, raising both of its respective offers by HUF 7.5 bln on strong demand.

Bids for the floaters came to HUF 91.1 bln and reached HUF 65.6 bln for the T-bill.

The average yield for the T-bill was 4.13%, 6 bp over the secondary market benchmark and 2 bp higher than the yield at the previous auction of the bills two weeks earlier.

ÁKK sold a further HUF 7.9 bln of the floaters and HUF 0.8 bln of the green bonds at a non-competitive tender after the auction.

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