ÁKK buys back HUF 8.2 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back a combined HUF 8.2 billion of 2012/B and 2012/C bonds before maturity at a repurchase auction on Wednesday.
ÁKK bought HUF 5.7 billion of the 2012/B bonds which mature on June 12, 2012. ÁKK accepted all offers submitted by primary dealers. Average yield was 7.31%, 6bp over the three-month secondary market benchmark.
ÁKK bought back just HUF 2.5 billion of the HUF 13.6 billion of 2012/C bonds offered by dealers. Average yield on the bonds, which mature on October 24, 2012, was 7.46%, 14bp over the six-month secondary market benchmark.
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