ÁKK exchanges HUF 27.5 bln of bonds at switch auction
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.
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