ÁKK buys back HUF 20.98 bln of bonds early at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back a combined HUF 20.98 bln of bonds expiring in 2018 before maturity at a reverse auction today, Hungarian news agency MTI reported.

The ÁKK bought back HUF 1.24 bln of 2018/B bonds, which mature on April 25, 2018, accepting all the bids. The average repurchase yield was 0.13%.

The ÁKK also bought back HUF 19.74 bln of 2018/C bonds maturing on June 22, 2018, also accepting all the bids. The average repurchase yield was likewise 0.13%.

The ÁKK planned to buy back HUF 5 bln of both papers.

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