ÁKK buys back HUF 30.3 bln of bonds early at auction
The Government Debt Management Agency (ÁKK) bought back a combined HUF 30.3 billion of bonds expiring in 2019 before maturity at a buy-back auction on Wednesday, state news wire MTI reported.
The ÁKK bought back HUF 8.2 bln of 2019/A bonds, which mature on June 24, 2019. Bids reached HUF 10.7 bln, and the average repurchase yield was 0.02%.
The repurchase yield compares to a six-month secondary market benchmark of 0.00%.
The ÁKK also bought back HUF 22.1 bln of 2019/B floating-rate bonds maturing on May 20, 2019. Bids reached HUF 99.9 bln.
The agency had planned to buy back HUF 5.0 bln apiece of both securities.
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