ÁKK sells HUF 40.5 billion of bonds in conversion auction
The Hungarian Debt Management Agency (ÁKK) sold 40.5 billion HUF of bonds maturing in 2029 and 2034 in exchange for bonds expiring in 2022 and 2023 in an auction on Wednesday, according to a report from the MTI state news wire.
ÁKK sold HUF 15 billion 2029 / A bonds against 2022 / C bonds. Dealer bids amounted to HUF 36.5 billion.
The agency traded HUF 12 billion of 2034 / A bonds for 2022 / C bonds, after offers reached HUF 27.4 billion.
ÁKK sold HUF 13.5 billion of 2034 / A bonds against 2023 / C bonds. The bids were HUF 38.1 billion.
The agency planned to trade HUF 10 billion each of the bonds.
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