ÁKK sells HUF 23.5 bln of bonds at switch auction

Debt

Hungary's State Debt Management Agency (ÁKK) sold HUF 23.5 billion of bonds maturing in 2029, 2030 and 2031 in exchange for ones expiring in 2022 and 2023 at a switch auction on Wednesday, according to a report by state news wire MTI.

ÁKK sold HUF 10 bln of 2029/A bonds for 2022/C bonds. Dealers' bids came to HUF 23.6 bln.

The agency exchanged HUF 5.5 bln of 2030/A bonds for 2023/C bonds, after bids reached HUF 10.6 bln.

ÁKK sold HUF 8 bln of 2031/A bonds for 2023/C bonds. Bids were HUF 17.4 bln.

The agency had planned to switch HUF 10 bln of each of the bonds.

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