It was oversubscribed by double, Varga said.
"That shows that Hungary is capable of independently financing itself from the market, even in the uncertain international environment," he added.
Varga said the proceeds from the issues would be used "to preserve the country's stability, for prepayment, and to boost financial reserves".
He added that the issues do not affect the 2022 general government deficit target: "We will maintain the 4.9% [-of-GDP] deficit target and we will continue to reduce state debt".
Since 2010, the share of Hungary's state debt held by non-resident investors has been reduced from 60% to 30%, while the ratio of FX debt has fallen from 50% to under 25%, Varga said.
In a press release, the Government Debt Management Agency (ÁKK) said Hungary issued a USD 1.75 bln seven-year bond, a USD 1.25 bln 12-year bond, and a EUR 750 mln nine-year bond on June 8.
The yield on the seven-year dollar bond, with a 5.25% coupon, was 5.46%, 240 bp over the benchmark U.S. Treasury yield.
The yield on the 12-year dollar bond, with a 5.5% coupon, was 5.83%, 280 bp over the benchmark U.S. Treasury yield.
The yield on the nine-year EUR 750 mln eurobond, with a coupon of 4.25%, was 4.5%, 250 bp over EUR midswaps.
Part of the proceeds from the issue will be used to repurchase USD bonds maturing in 2023 and 2024, and the rest will go toward "general financing purposes", ÁKK said.
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