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ÁKK sells HUF 32.5 bln of bonds at switch auction, above plan

Debt

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The Government Debt Management Agency (ÁKK) sold HUF 32.5 billion of bonds maturing in 2029 and 2034, accepting ones expiring in 2022 and 2023 as payment at a switch auction on Wednesday.

ÁKK sold HUF 12.5 bln of 2029/A bonds for 2022/A bonds, raising its original offer by HUF 2.5 bln. Primary dealers bid to switch HUF 20.3 bln of the securities.

The agency sold HUF 10 bln of 2029/A bonds for 2022/B bonds, in line with its original offer. Bids came to HUF 20.1 bln.

ÁKK also sold HUF 10 bln of 2034/A bonds for 2023/C bonds, in line with its original offer. Bids reached HUF 18.8 bln.

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