ÁKK buys HUF 6.8 bln of bonds at reverse auction, less than planned
The Government Debt Management Agency (ÁKK) bought HUF 6.8 bln of bonds before maturity at a reverse auction on Wednesday, under the HUF 10 bln plan.
ÁKK bought back HUF 6.8 bln of 2016/C bonds, which mature on February 12, 2016. Bids reached HUF 7.8 bln.
Average repurchase yield was 0.72%, 10 bps under the three-month secondary market benchmark.
ÁKK cancelled the buyback of 2016/D bonds, which mature on December 22, 2016 after bids only reached HUF 36.92 mln.
ÁKK planned to buy back HUF 5 bln of each of the bonds.
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