ÁKK buys back HUF 13 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back HUF 13.0 bln of two bonds before their maturity next year at a reverse auction on Wednesday.
ÁKK accepted HUF 7.2 bln of the HUF 10.7 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015. Average yield was 2.13%.
ÁKK accepted HUF 5.8 bln of the HUF 9.8 bln of bids for early redemption of 2015/C bonds, which mature on August 24, 2015. Average yield was 2.6%.
The closest, one-year, secondary market yield, calculated on a discount T-bill expiring on May 27, 2015, was 2.27% on Tuesday.
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