ÁKK sells HUF 20 bln of bonds at switch auction, as planned
Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 20 bln of bonds maturing in 2025 for ones expiring in 2018 at a switch auction today, Hungarian news agency MTI reported.
The scale of the sale was in line with the original plan.
Demand by primary dealers for the 2025/B bonds came to HUF 48.9 bln.
The average yield on the ten-year papers was 2.76%, 12 bps under the secondary market benchmark, which matures in 2027.
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