ÁKK had planned to exchange HUF 20 bln of the 2035/A bonds. Primary dealers offered to purchase a fraction over the HUF 20 bln.
The agency exchanged the 2035/A bond for HUF 0.7 bln of 2024/B bonds, HUF 1.2 bln of 2024/C bonds, HUF 7.3 bln of 2025/B bonds and HUF 5.1 bln of 2025/C bonds.
ÁKK had temporarily suspended switch auctions a year earlier due to developments on the retail government securities market and an increase in yields. It relaunched the auctions on Wednesday, albeit with a technical innovation allowing multiple source bonds to be accepted at the auctions.
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