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ÁKK buys back HUF 45.6 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back a combined HUF 45.6 billion of bonds expiring in 2019 before maturity at a reverse auction on Wednesday, state news agency MTI reported.

The ÁKK bought back HUF 6.0 bln of 2019/A bonds, which mature on June 24, 2019. Bids reached HUF 6.4 bln, and the average repurchase yield was 0.18%. The repurchase yield compares to a six-month secondary market benchmark of 0.14%.

The ÁKK also bought back HUF 39.6 bln of 2019/B floating-rate bonds maturing on May 20, 2019. Bids reached HUF 52.6 bln.

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

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