ÁKK sells HUF 60 bln of bonds at switch auction

Debt

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The Government Debt Management Agency (ÁKK) sold HUF 60 billion of bonds maturing in 2027 and 2029, accepting ones expiring in 2023 as payment at a switch auction on Wednesday, state news wire MTI reports.

ÁKK sold HUF 30 bln of 2027/B bonds for 2023/B bonds, raising its original offer by HUF 10 bln. Bids reached HUF 64.78 bln.

The agency also sold HUF 30 bln of 2029/B bonds for 2023/B bonds, raising its original offer by HUF 10 bln. Bids reached HUF 103.72 bln.

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