ÁKK buys back HUF 13 bln in govt bonds in reverse auction
The Government Debt Management Agency (ÁKK) bought back HUF 12.9 billion of bonds before maturity at a reverse auction on Wednesday.
The ÁKK accepted HUF 7.3 billion of offers for HUF 14.3 billion to buy back 2012/B bonds which mature on June 12, 2012. Average yield at the auction was 6.01%.
The ÁKK bought back HUF 5.6 billion of 2012/C bonds which mature on October 24, 2012. Dealers offered HUF 12.6 billion worth of the bonds. Average yield was 6.10%.
The twelve-month secondary market benchmark yield was 6.13% on Tuesday.
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