ÁKK exchanged HUF 21.5 bln of bonds at switch auction

Debt

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The Government Debt Management Agency (ÁKK) exchanged HUF 21.5 billion of bonds maturing in 2022 and 2023 for ones maturing in 2029 and 2034 at a switch auction on Wednesday, according to a report by state news wire MTI.

ÁKK sold HUF 14.5 bln of 2029/A bonds, accepting 2022/B bonds as payment.

It also sold HUF 7 bln of 2034/A bonds, accepting 2023/C bonds as payment.

ÁKK originally planned to sell HUF 15 bln of the 2029 bonds and HUF 10 bln of the 2034 bonds.

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