ÁKK Sells HUF 15.5 bln of Bonds at Switch Auction
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.
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.