ÁKK sells HUF 10 bln of bonds at switch auction

Debt

The Government Debt Management Agency (ÁKK) sold HUF 10 billion of bonds maturing in 2033 for ones expiring in 2023 at a switch auction on Wednesday, according to a report by Hungarian news agency MTI.

ÁKK sold HUF 10 bln of 2033/A bonds, accepting 2023/A bonds as payment. Primary dealers bid to switch HUF 25.7 bln of the securities.

The agency had planned to switch HUF 10 bln of the bonds.

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