ÁKK buys back HUF 16.82 bln of bonds early at reverse auction
Hungaryʼs Government Debt Management Agency (ÁKK) bought back a combined HUF 16.82 billion of bonds expiring in 2018 before maturity at a reverse auction today, Hungarian news agency MTI reported.
The ÁKK bought back HUF 4.07 bln of 2018/B bonds, which mature on April 25, 2018. Bids reached HUF 6.25 bln. The average repurchase yield was 0.17%.
The ÁKK also bought back HUF 12.75 bln of 2018/C bonds maturing on June 22, 2018. Bids reached HUF 14.10 bln. The average repurchase yield was 0.18%.
The ÁKK planned to buy back HUF 5 bln of both papers.
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