ÁKK buys back HUF 12.4 bln of bonds early at reverse auction
The Government Debt Management Agency (ÁKK) bought back HUF 12.4 billion of bonds expiring in 2020 before maturity at a reverse auction on Wednesday, according to Hungarian news agency MTI.
Bids for the 2020/B bonds, which mature on June 24, 2020, reached HUF 17.4 bln. The average repurchase yield was 0.29%, which compares to a 0.37% yield on the twelve-month benchmark.
The ÁKK had planned to buy back HUF 5 bln of the securities.
The ÁKK had also planned to buy back HUF 5 bln of 2019/C bonds, which mature on October 30, 2019, but it accepted none of the bids, which came to just HUF 2 bln.
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