ÁKK buys HUF 11.2 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought a combined HUF 11.2 bln of bonds before maturity at a reverse auction today, a little more than HUF 1 bln over the announced amount.

ÁKK bought HUF 9.6 bln of 2015/C bonds which mature on August 24, 2015. Bids came to HUF 17.2 bln.

Average yield was 1.54%, 10 bp under the six-month secondary market benchmark.

ÁKK bought back HUF 1.6 bln of 2016/C bonds, which mature on February 12, 2016. Bids reached HUF 4.6 bln.

Average yield was 1.53%, 10 bp under the twelve-month secondary market benchmark.

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