ÁKK buys back HUF 17.7 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back about HUF 17.7 bln of two bonds before maturity at a reverse auction, Hungarian news agency MTI reported today.

ÁKK accepted HUF 8.1 bln of the HUF 14.3 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015. Average yield was 1.39%.

ÁKK accepted HUF 9.6 bln of the HUF 13.6 bln of bids for early redemption of 2015/C bonds, which mature on August 24, 2015. Average yield was 1.50%.

The six-month and twelve-month secondary market benchmark yields were 1.45% and 1.60%, respectively, on Wednesday.

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