ÁKK buys back HUF 143 bln of bonds at reverse auction

Debt

Hungary’s Government Debt Management Agency (ÁKK) bought back a combined HUF 142.98 billion of bonds expiring in 2018 before maturity at a reverse auction today, according to Hungarian news agency MTI.

The ÁKK bought back HUF 102.67 bln of 2018/C bonds, which mature on June 22, 2018. Bids reached HUF 112.61 bln. The average as well as the minimum repurchase yield was 0.50%. 

The ÁKK also bought back HUF 40.21 bln of 2018/A bonds maturing on December 20, 2018. Bids reached HUF 43.98 bln. Both the average and the minimum repurchase yield was 0.69%.

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