ÁKK Sells HUF 15.5 bln of Bonds at Switch Auction

Debt

The Government Debt Management Agency (ÁKK) sold HUF 15.5 billion of bonds maturing in 2029, 2031, and 2033 for ones expiring in 2023 at a switch auction on Wednesday, according to a report by state news wire MTI.

ÁKK sold HUF 6.5 bln of 2029/A bonds, accepting 2023/A bonds as payment. Primary dealers bid to switch HUF 13 bln of the securities.

It also sold HUF 3 bln of 2031/A bonds for 2023/A bonds, and HUF 16 bln of 2033/A bonds for 2023/A bonds. Bids for the securities came to HUF 8 bln and HUF 16 bln, respectively.

ÁKK had planned to switch HUF 3 bln each of the 2029/A bonds, the 2031/A bonds, and the 2033/A bonds.

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