ÁKK sells HUF 28.5 bln of bonds at switch auction

Debt

The Government Debt Management Agency (ÁKK) sold primary dealers HUF 28.5 bln of bonds maturing in 2022 and 2023 in exchange for bonds that run till 2015 and 2016, respectively, at a switch auction today.

The combined sale was HUF 11.5 bln under the original offer.

ÁKK sold HUF 8.5 bln of the 2022/A bonds, HUF 11.5 bln less than planned. Bids came to HUF 10.1 bln. Average yield was 4.27%.

ÁKK sold HUF 20 bln of the 2023/A bonds, as planned. Bids reached HUF 32.1 bln. Average yield was 4.44%.

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