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ÁKK buys HUF 1.17 bln of bonds at reverse auction, less than planned

Debt

The Government Debt Management Agency (ÁKK) bought HUF 1.17 bln of bonds before maturity at a reverse auction today, under the HUF 10 bln plan, Hungarian news agency MTI reported.

ÁKK bought back HUF 1.17 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 1.67 bln.

Average repurchase yield was 0.73%, 22 bps under the twelve-month secondary market benchmark.

ÁKK cancelled the auction of 2017/B bonds, which mature on February 24, 2017. Bids reached HUF 11.03 bln.

ÁKK planned to buy back HUF 5 bln of each of the bonds.

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