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ÁKK buys back HUF 10.3 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back about HUF 10.3 bln of two bonds before maturity at a reverse auction, Hungarian news agency MTI reported today.

ÁKK accepted HUF 1.6 bln of the HUF 4.0 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015.

Average yield was 1.44%. ÁKK accepted HUF 8.7 bln of the HUF 19.0 bln of bids for early redemption of 2015/C bonds, which mature on August 24, 2015.

Average yield was 1.55%. The six-month and twelve-month secondary market benchmark yields were 1.46% and 1.74%, respectively, on Wednesday.

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