ÁKK sells HUF 40.5 bln of bonds at switch auction

Debt

Hungary's State Debt Management Agency (ÁKK) sold HUF 40.5 billion of bonds maturing in 2029 and 2034 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 15 bln of 2029/A bonds for 2022/C bonds. Dealers' bids came to HUF 36.5 bln.

The agency exchanged HUF 12 bln of 2034/A bonds for 2022/C bonds, after bids reached HUF 27.4 bln.

ÁKK sold HUF 13.5 bln of 2034/A bonds for 2023/C bonds. Bids were HUF 38.1 bln.

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

ADVERTISEMENT

Pallas Athene Foundation Assets Rise Close to HUF 282 bln Figures

Pallas Athene Foundation Assets Rise Close to HUF 282 bln

Gov't to Launch HUF 700 bln Business Credit Scheme  Government

Gov't to Launch HUF 700 bln Business Credit Scheme 

Duna House Boosts Stake in Italian Peer Residential

Duna House Boosts Stake in Italian Peer

Avatar: The Way of Water Breaks Box Office Record in Hungary Art

Avatar: The Way of Water Breaks Box Office Record in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.