ÁKK buys back HUF 8.41 bln of bonds early at reverse auction
The Government Debt Management Agency (ÁKK) bought back a combined HUF 8.41 billion of bonds expiring in 2020 and 2021 before maturity at a reverse auction on Wednesday, according to a report by state news wire MTI.
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ÁKK bought back HUF 7.45 bln of 2020/A bonds, which mature on November 12, 2020, accepting all the bids.
The agency also bought back HUF 5.51 bln of 2021/B bonds maturing on October 27, 2020. Bids reached HUF 10.51 bln.
The average repurchase yields for the 2020/A bond and the 2021/B bond were both 0.72%. The secondary market 12-month benchmark yield was 0.81%.
ÁKK had planned to buy back HUF 5 bln of all three papers.
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