ÁKK Exchanges HUF 15 bln of Bonds at Switch Auction
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The Government Debt Management Agency (ÁKK) exchanged HUF 15 billion of securities expiring in 2035 for bonds maturing in 2024 and 2025 at a switch auction on Wednesday, according to a report by state news wire MTI.
ÁKK had planned to exchange HUF 20.0bn of the 2035/A bonds. Primary dealers offered to subscribe HUF 25 bln of the securities.
The agency exchanged the bonds for HUF 2.5 bln of 2024/B bonds, HUF 1.6 bln of 2024/C bonds, HUF 7.9bn of 2025/B bonds, and HUF 3.1 bln of 2025/C bonds.
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