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ÁKK buys back almost HUF 16 bln of bonds at repurchase auction

Debt

Hungaryʼs Government Debt Management Agency (ÁKK) bought back HUF 15.9 billion of bonds before maturity at a repurchase auction today, more than planned,Hungarian news agency MTI reported.

ÁKK bought back HUF 15.9 bln of 2017/C bonds, which mature on December 20, 2017. Dealers offered to sell HUF 38.7 bln of the papers. 

ÁKK earlier announced it would buy back HUF 5 bln of the bonds. 

ÁKK also said earlier it would repurchase HUF 5 bln of 2017/A bonds, which mature on November 24, 2017, but bought none after dealers offered a paltry HUF 7 million of the securities.

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