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ÁKK sells HUF 40.5 bln of bonds at switch auction

Debt

Hungary's State Debt Management Agency (ÁKK) sold HUF 40.5 billion of bonds maturing in 2029 and 2034 in exchange for ones expiring in 2022 and 2023 at a switch auction on Wednesday, according to a report by state news wire MTI.

ÁKK sold HUF 15 bln of 2029/A bonds for 2022/C bonds. Dealers' bids came to HUF 36.5 bln.

The agency exchanged HUF 12 bln of 2034/A bonds for 2022/C bonds, after bids reached HUF 27.4 bln.

ÁKK sold HUF 13.5 bln of 2034/A bonds for 2023/C bonds. Bids were HUF 38.1 bln.

The agency had planned to switch HUF 10 bln of each of the bonds.

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