ÁKK sold HUF 30 bln of 2023/A bonds for 2017/A bonds, HUF 20 bln less than the original offer after receiving bids for HUF 42.6 bln. Average auction yield was 3.05%.

ÁKK sold HUF 15 bln of 2028/A bonds for payments with 2017/A bonds, less than the HUF 30 bln original offer. Bids reached HUF 19.3 bln. Average auction yield was 3.36%.

ÁKK calculated 2017/A bonds as payment at a yield of 1.72%.

The yield of the bonds sold at the switch auction compare to a ten-year secondary market yield of 3.14% and a 15-year yield, calculated on the same 2028/A bonds, of 3.34%.