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Demand Picks Up for 5Y & 10Ys at Auction, AKK Auctions 27.5bn Over Announced Amount

HUNGARY

AUCTION RESULTS

  • HUF 37.5bn in 20Y bonds, Bid to cover 1.58x (1.29x), Ave yield 2.28% (2.15%)
  • HUF 15bn in 15y bonds, bid to cover 1.39x (1.66x), ave yield 2.42% (2.29%)
  • HUF 45bn in 5Y bonds, bid to cover 2.02x (2.73x), ave yield 1.42% (1.39%)
  • Notable demand pickup in 5y & 20Y tenors at auction, with 15y lagging behind.
  • Total of HUF 97bn sold at auction, 27bn more than planned as has been the trend with all recent auctions
  • HUF 15bn extra auctioned in 5Y, 12.5bn extra in 10Y
  • Hungary has been quick out the gates with issuance in 2021 relative to other EMs
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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