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ÁKK buys back HUF 8.8 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back HUF 8.8 bln of two bonds before their maturity next year at a reverse auction today.

ÁKK accepted HUF 2.0 bln of the HUF 2.7 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015. Average yield was 2.06%.

ÁKK accepted all HUF 6.8 bln of the bids for early redemption of 2015/C bonds, which mature on August 24, 2015. Average yield was 2.08%.

The closest, twelve-month, secondary market yield, calculated on a discount T-bill expiring on May 27, 2015, was 2.14%.

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