ÁKK buys back HUF 5.4 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back a combined HUF 5.4 billion of bonds expiring in 2018 and 2019 at a reverse auction on Wednesday, state news wire MTI reported.

The ÁKK bought back HUF 2.6 bln of 2019/A bonds, maturing on June 24, 2019. Bids came to HUF 4.1 bln, and the average repurchase yield was 0.11%.

The ÁKK also bought back HUF 2.8 bln of 2018/A bonds maturing on December 20, 2018. Bids reached HUF 3.8 bln, and the average repurchase yield was 0.05%.

The twelve-month secondary market benchmark yield was 0.08%.

The ÁKK had planned to buy back HUF 5 bln of each of the bonds.

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