ÁKK exchanges HUF 27.5 bln of bonds at switch auction

Debt

The Government Debt Management Agency (ÁKK) exchanged a combined HUF 27.5 bln of bonds maturing in 2024 for ones that expire in 2017 at a switch auction on Wednesday, a little more than half of the planned amount.

ÁKK exchanged HUF 13.0 bln of 2024/B bonds for 2017/A bonds. Bids by primary dealers reached HUF 21.1 bln.

ÁKK exchanged HUF 14.5 bln of 2024/B bonds for 2017/B bonds. Bids came to HUF 19.6 bln.

ÁKK had planned to exchange HUF 25 bln of each of the shorter terms.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.