ÁKK exchanges HUF 38.5 bln of bonds at switch auction

Debt

The Government Debt Management Agency (ÁKK) exchanged a combined HUF 38.5 billion of bonds maturing in 2022 and 2026 for ones maturing in 2019 at a switch auction on Wednesday.

The ÁKK exchanged HUF 20 bln of 2022/A bonds and HUF 18.5 bln of 2026/D bonds for 2019/C bonds, according to state news wire MTI.

The ÁKK had planned to exchange HUF 20 bln of each of the bonds.

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