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AKK Sells HUF 27bn More Bonds than Expected at Auction

HUNGARY

AUCTION RESULTS

  • HUF 45bn of 5y Bonds, Bid to cover 2.73x , Ave Yield 1.39% (1.38%)
  • HUF 45bn of 10Y bonds, Bid to cover 1.26x (2.17x) Ave Yield 2.15%
  • HUF 12bn of 20Y bonds, bid to cover 1.29x (1.27x) Ave Yield 2.55% (2.50%)
  • Auction sees 30bn more than expected auctioned in 5Y & 10Y tenors (15bn each), while 20Y auction accepts 3bn less than expected
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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