ÁKK sells HUF 32.5 bln of bonds at switch auction, above plan
The Government Debt Management Agency (ÁKK) sold HUF 32.5 billion of bonds maturing in 2029 and 2034, accepting ones expiring in 2022 and 2023 as payment at a switch auction on Wednesday.
ÁKK sold HUF 12.5 bln of 2029/A bonds for 2022/A bonds, raising its original offer by HUF 2.5 bln. Primary dealers bid to switch HUF 20.3 bln of the securities.
The agency sold HUF 10 bln of 2029/A bonds for 2022/B bonds, in line with its original offer. Bids came to HUF 20.1 bln.
ÁKK also sold HUF 10 bln of 2034/A bonds for 2023/C bonds, in line with its original offer. Bids reached HUF 18.8 bln.
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