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ÁKK exchanges HUF 25 bln of bonds at switch auction

Debt

The Government Debt Management Agency (ÁKK) sold HUF 25 bln of bonds maturing in 2024 for ones that expire in 2017 at a switch auction on Wednesday, in line with the HUF 25 bln plan.

ÁKK sold HUF 25 bln of 2024/B bonds accepting 2017/A bonds as payment.

Bids by primary dealers reached HUF 55.55 bln for the exchange.

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