ÁKK accepted oversubscription for all three terms, even the 20-year bond which was on offer for the very first time.
ÁKK sold HUF 32 bln of five-year bonds, raising its original offer by HUF 7 bln after primary dealers bid for HUF 53.9 bln of the securities. The average yield was 1.2%, 3 bp over the secondary market benchmark and 2 bp higher than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 30 bln of 10-year bonds, HUF 10 bln more than planned. Bids came to HUF 62.9 bln. The average yield was 2.06%, 2 bp over the benchmark but 1bp under the yield at the auction two weeks earlier.
ÁKK sold HUF 17 bln of the new 20-year bond, HUF 2 bln over the plan. Dealersʼ bids reached HUF 31.8 bln. The average yield was 3.01 %.
The agency will not display a 20-year benchmark until the second auction of the bonds, in eight weeks, MTI says.
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