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ÁKK buys back HUF 1.6 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back about HUF 1.6 bln of two bonds before maturity at a reverse auction Hungarian news agency MTI reported today.

ÁKK accepted just HUF 240m of the HUF 2.0 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015. Average yield was 1.90%.

ÁKK accepted HUF 1.4 bln of the HUF 14.2 bln of bids for early redemption of 2015/C bonds, which mature on August 24, 2015. Average yield was also 1.90%.

The closest, twelve-month, secondary market yield, calculated on a discount T-bill expiring on May 27, 2015, was 1.88%.

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