ÁKK sells HUF 70 bln of bonds at switch auction
The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 70 bln of bonds maturing in 2020 and 2023 for papers that run until 2018 and 2016, respectively, at a switch auction today.
ÁKK sold HUF 50 bln of the 2020/A bonds, in line with the original offer. Bids came to HUF 70.3 bln. ÁKK accepted 2018/A bonds as payment at a fixed yield of 3.21%. Average yield at the auction was 3.73%.
ÁKK sold HUF 20 bln of the 2023/A bonds, HUF 30 bln under the announced offer. Bids came to just HUF 34.8 bln. ÁKK accepted 2016/C bonds as payment for the papers at a fixed yield of 2.09%. Average yield at the auction was 4.30%.
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