ÁKK sells HUF 13.35 bln of bonds at switch auction, below plan

Debt

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Hungary’s Government Debt Management Agency (ÁKK) sold HUF 13.35 bln of floating-rate bonds maturing in 2019 for ones expiring in 2017 at a switch auction today, according to Hungarian news agency MTI.

The ÁKK sold 2019/D bonds, accepting 2017/C floating-rate bonds as payment. 

Demand by primary dealers for the 2019/D bonds came to HUF 13.35 bln. The ÁKK accepted all the bids. It had originally planned to sell HUF 20 bln of the 2019/D bonds.

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