The Hungarian Government Debt Management Agency (ÁKK) has managed to significantly improve the composition of Hungary’s central government debt as it had bought back USD-denominated securities and concurrently issued new EUR-denominated ones in the same value. Through the bond swap, the ÁKK has reduced the rate of payable interest, substantially extended maturity and rebalanced liabilities in favour of the euro, the currency more closely linked to the forint. The transaction has left the share of foreign currency debt within the total amount of debt unchanged.

For more information please check the attached file on the right side of the page.

(Ministry for National Economy)