Hungary’s Government Debt Management Agency (ÁKK) has sold HUF 20 bn worth of 15-year (2023/A) bonds at an auction on Thursday, after receiving HUF 34.8 bn worth of bids on the instrument.

The bonds were sold at an average yield of 6.60%, up 1 bp from Wednesday’s benchmark fixing but up 21 bps from the previous auction of the bond on 4 January.

Accepted yields ranged between 6.56% and 6.64%.

The bid-to-cover ratio came to 1.74x against 3.12x at the previous auction of the bond.

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Posted: 03|1|07 at 3:08 pm. Filed under: News.