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Hungary sees small net bond issues in July-Sept

Hungary plans to issue HUF 350 billion ($1.78 billion) worth of government bonds in the domestic market in July-Sept, only slightly above expiries and buybacks totalling 342 billion forints, the debt agency ÁKK said on Tuesday.

The Government Debt Management Agency said in the issuance plan published on its website that on Aug. 24, 2010/D government bonds worth HUF 299 billion will expire.

The next major bond expiry is due in October.

In the July-Sept period the debt agency plans to buy back bonds worth HUF 40 billion ahead of maturity.

The ÁKK plans to sell HUF 935 billion worth of discount Treasury bills, compared with expiries of HUF 640 billion. (Reuters)