Hungary increases size of bond sale, yields edge lower

BUDAPEST: Hungary sold 55 billion forints ($245.3 million) of government bonds on Thursday, raising its original offer by 10 billion forints as yields fell compared with a sale two weeks ago, debt agency AKK said.

It sold 20 billion forints worth of three-year bonds at an average yield of 5.93 percent, 22 basis points lower than two weeks ago. It sold 20 billion forints of five-year bonds, 5 billion above plan, at 6.32 percent, 3 basis points lower.

The AKK also sold 15 billion forints worth of 10-year bonds, 5 billion forints more than planned, at an average yield of 6.82 percent, also 3 basis points below auction levels two weeks ago.