ÁKK had planned to sell HUF 20.0 bln of five-year bonds but accepted none of the paltry HUF 9.8 bln of bids by primary dealers.
However, dealers bid for HUF 44.0 bln of ten-year bonds, and AKK accepted HUF 25.0 bln of those, HUF 5.0 bln over the plan. Average yield was 1.80%, 3 bp over the secondary market benchmark and 22 bp higher than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 15.0 bln of 15-year bonds, as planned. Bids came to HUF 23.5 bln. Average yield was 2.13%, 8 bp over the benchmark and 24 bp higher than the yield two weeks earlier.
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