ÁKK buys back HUF 3.7 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back HUF 3.7 bln of bonds before their expiry in 2016 at a reverse auction on Wednesday, less than planned.
ÁKK bought back HUF 3.0 bln of 2016/C bonds, which mature on February 12, 2016. Primary dealersʼ bids came to HUF 5.1 bln.
Average yield was 0.95%, 6bp under the six-month benchmark on the secondary market.
ÁKK bought back HUF 663m of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 5.5 bln.
Average yield was 0.95%, 4bp under the twelve-month benchmark.
ÁKK originally planned to buy back HUF 5 bln of both the 2016/D and 2016/C bonds.
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