ÁKK sells HUF 18.5 bln of bonds at switch auction, below plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 18.5 bln of bonds maturing in 2029, 2034, and 2038, accepting ones expiring in 2022 and 2023 as payment at a switch auction on Wednesday.

ÁKK sold HUF 9.5 bln of 2029/A bonds for 2022/A bonds, cutting its original offer by HUF 0.5 bln. Primary dealers bid to switch HUF 12.6 bln of the papers.

The agency sold HUF 4.5 bln of 2034/A bonds for 2023/C bonds, cutting its original offer by HUF 5.5 bln. Bids came to HUF 6.97 bln.

ÁKK sold HUF 4.5 bln of 2038/A bonds for 2022/C bonds, cutting its original offer by HUF 5.5 bln. Bids reached HUF 8.51 bln.

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