ÁKK exchanges 35 bln of bonds at switch auction

Debt

The Government Debt Management Agency (ÁKK) exchanged HUF 35 billion of bonds maturing in 2022 and 2023 for ones maturing in 2029 and 2034 at a switch auction on Wednesday, as planned, according to a report by state news wire MTI.

ÁKK sold HUF 20 billion of 2029/A bonds, accepting 2022/B bonds as payment.

It also sold HUF 15 bln of 2034/A bonds, accepting 2023/C bonds as payment.

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