ÁKK exchanges HUF 13.5 bln of bonds at switch auction, less than planned
The Government Debt Management Agency (ÁKK) exchanged HUF 13.5 bln in bonds maturing in 2024 for ones that expire in 2016 and 2017 at a switch auction on Wednesday. The exchange was well under the HUF 50 bln planned.
ÁKK exchanged HUF 3.0 bln of 2024/B bonds for 2016/D bonds and HUF 10.5 bln of 2024/B bonds for 2017/A bonds.
Bids by primary dealers reached HUF 5.1 bln for the 2016/D exchange and HUF 18.6 bln for the 2017/A exchange.
ÁKK had planned to exchange HUF 25 bln for each of the shorter terms.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.