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ÁKK buys back HUF 7.1 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back HUF 7.1 bln of three bonds before maturity at a reverse auction on Wednesday. Primary dealers offered a combined HUF 10.1 bln of the papers.

ÁKK accepted all of the HUF 3.3 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015. Average yield was 1.35%, down 3 bp from the previous reverse auction one week earlier.

ÁKK also accepted all of the HUF 1.1 bln of bids for 2015/C bonds which mature on August 24, 2015. Average yield was 1.39%, 1 bp under the yield at the previous successful sale of the papers two weeks earlier.

ÁKK accepted HUF 2.7 bln of HUF 5.7 bln of bids for the repurchase of 2016/C bonds which mature on February 12, 2016. Average yield was 1.38%, 10 bp under the yield one week earlier.

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