ÁKK sells HUF 34.5 bln of floaters at switch auction

Debt

The Government Debt Management Agency (ÁKK) sold HUF 34.5 billion of floating-rate bonds maturing in 2029 for ones expiring in 2023 at a switch auction on Wednesday, according to a report by state news wire MTI.

ÁKK raised its original offer by HUF 9.5 bln after bids reached HUF 40.4 bln.

The agency exchanged the 2029/B bonds 2023/B bonds.

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