Hungary’s state debt manager AKK plans net forint issues of HUF 228.6bn (EUR 732.1mn) on the domestic debt market in Q2 2014, the agency said in a statement. This will include HUF 433.6bn in net issues of government bonds and HUF 205bn in net repayments of treasury bills.
In gross terms, the total issue of government securities is planned to reach HUF 1.9tn, while the expiries are estimated at HUF 1.67tn in the reference period.
About HUF 780bn of the total issuance will be in three-month discount Treasury bills, while HUF 925bn will mature. The value of the twelve-month discount bonds is planned at HUF 360bn, while HUF 420bn will expire in two maturities on April 30 (HUF 195bn) and on June 25 (HUF 225bn). AKK will sell about HUF 230bn in one-year interest-bearing T-bills, which will match with the expiring volume.
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