ÁKK Exchanges HUF 15 bln of Bonds at Switch Auction
The Government Debt Management Agency (ÁKK) exchanged HUF 15 billion of securities expiring in 2035 for bonds maturing in 2024 and 2025 at a switch auction on Wednesday, according to a report by state news wire MTI.
ÁKK had planned to exchange HUF 20.0bn of the 2035/A bonds. Primary dealers offered to subscribe HUF 25 bln of the securities.
The agency exchanged the bonds for HUF 2.5 bln of 2024/B bonds, HUF 1.6 bln of 2024/C bonds, HUF 7.9bn of 2025/B bonds, and HUF 3.1 bln of 2025/C bonds.
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