ÁKK buys back HUF 3.7 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back HUF 3.7 bln of bonds before their expiry in 2016 at a reverse auction on Wednesday, less than planned.

ÁKK bought back HUF 3.0 bln of 2016/C bonds, which mature on February 12, 2016. Primary dealersʼ bids came to HUF 5.1 bln.

Average yield was 0.95%, 6bp under the six-month benchmark on the secondary market.

ÁKK bought back HUF 663m of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 5.5 bln.

Average yield was 0.95%, 4bp under the twelve-month benchmark.

ÁKK originally planned to buy back HUF 5 bln of both the 2016/D and 2016/C bonds.

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