ÁKK buys back HUF 6.8 bln in bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back HUF 6.8 bln in two bonds before maturity at a reverse auction on Wednesday. Primary dealers offered a combined HUF 13 bln of three bonds at the auction.
ÁKK accepted all of the HUF 4.1bn of bids submitted by primary dealers for the early redemption of 2015/A bonds, which mature on February 12, 2015. Average yield was 1.38%, down 8bp from the previous reverse auction one week earlier.
ÁKK accepted none of the HUF 1.2 bln in bids for 2015/C bonds which mature on August 24, 2015.
ÁKK accepted HUF 2.7 bln of HUF 7.7 bln in bids for the repurchase of 2016/C bonds, which mature on February 12, 2016. Average yield was 1.48%, level with the yield at the previous auction.
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