ÁKK sold HUF 29 bln of 2020/A bonds for payments with 2017/B bonds, less than the HUF 50 bln original offer. Bids reached HUF 38.8 bln. Average auction yield was 2.72%.
ÁKK sold the announced HUF 50 bln of 2023/A bonds for 2017/A bonds after receiving bids for HUF 72.5 bln. Average auction yield was 3.02%.
ÁKK calculated 2017/A bonds, expiring in November 2017, as payment at a yield of 1.53%. It calculated 2017/B bonds, expiring in February 2017, at a yield of 1.41%.
The yield of the bonds sold at the switch auction compare to a five-year secondary market yield of 2.66% and a ten-year yield of 3.15%.
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