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 2024 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 2024/B bonds came to HUF 49.80 bln.
The average yield on the papers was 2.67%, 22 bps under the ten-year secondary benchmark.
The debt manager accepted 2018/B bonds at a yield of 0.83% as payment for the 2014 bonds.
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