Hungary’s Government Debt Management Agency (ÁKK) repurchased a combined HUF 9.5bn of bonds before maturity at a reverse auction on Wednesday.

ÁKK bought HUF 1.0bn of 2012/B bonds, which mature on June 12, 2012. Primary dealers offered HUF 3.3bn of the bonds. Average yield was 5.76%.

ÁKK bought HUF 8.5bn of 2012/C bonds, which mature on October 24. Dealers offered HUF 27.7bn. Average yield was 5.85%.

The benchmark yield for the twelve-month term — maturing on August 22, 2012 — on the secondary government securities market was 6.00%.