ÁKK sold HUF 27 bln of bonds at Wednesday switch auction

Debt

Hungary's State Debt Management Agency (ÁKK) sold HUF 27 billion of bonds maturing in 2029, 2031 and 2034 in exchange for ones expiring in 2023 at a switch auction on Wednesday, according to a report by state news wire MTI.

ÁKK sold HUF 10 bln of floating-rate 2029/A bonds for 2023/B bonds. Primary dealers' bids came to HUF 27.1 bln.

The agency exchanged HUF 8 bln of fixed-rate 2031/A bonds for 2023/C bonds, after bids reached HUF 21.3 bln.

ÁKK switched HUF 9 bln of fixed-rate 2034/A bonds for 2023/C bonds. Dealers bid for HUF 18.7 bln.

The State Debt Management Agency had planned to switch HUF 10 bln of each of the bonds.

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