ÁKK buys back HUF 38.1 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back HUF 38.1 billion of bonds maturing in 2020 at a reverse auction on Wednesday, state news wire MTI reported.

Offers of the bonds, which mature on June 24, 2020, reached HUF 62.8 bln. The average repurchase yield was 0.41%, compared to a secondary 12-month benchmark yield of 0.28%.

Primary dealers also offered HUF 4.2 bln of 2019/A bonds which mature on June 24, 2019, but the ÁKK accepted no offers.

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

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