The ÁKK sold HUF 30 bln of three-year bonds, raising its original offer by HUF 10 bln. Bids came to HUF 61.25 bln, with the average yield at 0.79%, 4 basis points below the secondary market benchmark, and 8 bps below the yield at the previous auction of the bonds.
The ÁKK also sold HUF 33.5 bln of five-year bonds, raising its offer by HUF 8.5 bln, after dealers bid for HUF 49.60 bln of the papers. The average yield was 1.22%, 6 bps below the secondary market benchmark and 22 bps below the yield at the previous five-year auction.
In addition, the ÁKK sold HUF 6 bln of nominally 15-year bonds which mature in 2038, HUF 2 bln below the original offer. Bids reached HUF 6.45 bln. The average yield was 3.26%, 39 bps over the yield on the benchmark 15-year bond which matures in 2031, and 17 bps lower than the yield at the previous auction.
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