BUDAPEST: The Government Debt Management Agency (ÁKK) exchanged HUF 34.5 billion of bonds maturing in 2024 for ones that expire in 2017 at a switch auction on Wednesday, under the HUF 50 billion plan.
ÁKK exchanged HUF 21 billion of 2024/B bonds for 2017/B bonds and HUF 13.5 billion for 2017/A bonds. Bids by primary dealers reached HUF 23.7 billion for the 2017/B bond exchange and HUF 19.1 billion for the 2017/A exchange. ÁKK had planned to exchange HUF 25 billion for each of the shorter terms.
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