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ÁKK sells HUF 12.5 bln of bonds at switch auction

Debt

The Government Debt Management Agency (ÁKK) sold HUF 12.5 billion of bonds maturing in 2030 and 2033 for ones expiring in 2023 and 2024 at a switch auction on Wednesday, according to a report by state news wire MTI.

ÁKK sold HUF 5 bln of 2030/A bonds, accepting 2023/A bonds as payment. Primary dealers had bid to switch HUF 13.8 bln of the securities.

It sold HUF 7.5 bln of 2033/A bonds for 2024/B bonds. Bids for the securities came to HUF 32.9 bln.

The agency had planned to switch HUF 5 bln of each of the bonds.

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