ÁKK buys back HUF 25.33 bln of bonds early at reverse auction
The Government Debt Management Agency (ÁKK) bought back a combined HUF 25.33 billion of bonds expiring in 2018 and 2019 before maturity at a reverse auction on Wednesday, according to state news agency MTI.
The ÁKK bought back HUF 5.56 bln of 2018/C bonds, which mature on June 22, 2018, accepting all the bids. The average repurchase yield was 0.08%.
The ÁKK also bought back HUF 19.77 bln of 2019/C bonds maturing on October 30, 2019. Bids reached HUF 19.77 bln. The average repurchase yield was 0.30%.
The repurchase yields compare to a 12-month secondary market benchmark of 0.09% and a three-year benchmark of 0.86%.
The ÁKK had planned to buy back HUF 5 bln of both papers.
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