ÁKK buys back HUF 14.77 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back a combined HUF 14.77 billion of bonds expiring in 2019 and 2020 before maturity at a reverse auction on Wednesday, state news wire MTI reported.
The ÁKK bought back HUF 2.48 bln of 2019/C bonds, which mature on October 30, 2019, accepting all the bids. The average repurchase yield was 0.04%.
The ÁKK also bought back HUF 12.29 bln of 2020/B bonds maturing on June 24, 2020. Bids reached HUF 13.29 bln. The average repurchase yield was 0.05%.
The repurchase yields compare to a three-month secondary market benchmark of 0.04% and a 12-month benchmark of 0.24%. The ÁKK had planned to buy back HUF 5 bln of both papers.
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