ADVERTISEMENT

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

Debt

pixabay

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.

Heavy Rains Expected This Week to Ease Drought Weather

Heavy Rains Expected This Week to Ease Drought

Hungary Treats Smooth EU Transition as Priority, Says Bóka EU

Hungary Treats Smooth EU Transition as Priority, Says Bóka

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.