ÁKK sells HUF 30 bln of bonds at switch auction, below plan
The Government Debt Management Agency (ÁKK) sold HUF 30 billion of bonds maturing in 2026 and 2031, accepting ones expiring in 2022 as payment at a switch auction on Wednesday, state news wire MTI reports.
ÁKK sold HUF 10 bln of 2026/D bonds for 2022/A ones, HUF 10 bln below its original offer. Demand by primary dealers came to HUF 15.55 bln for the exchange.
ÁKK also sold HUF 20 bln of 2031/A bonds for 2022/A bonds, in line with its original offer. Bids reached HUF 31.94 bln.
The 2026/D bonds sold at an average yield of 1.73% and the 2031/A bonds at a yield of 2.29%. The average yield of the 2022/A bonds was 0.72%.
Of the closest secondary market benchmarks, the five-year benchmark calculated on 2025/C bonds was 1.59% and the 10-year benchmark calculated on 2030/A bonds was 2.26%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.