ÁKK buys HUF 13.3 bln of bonds at reverse auction, more than planned

Debt

 The Government Debt Management Agency (ÁKK) bought a combined HUF 13.28 bln of bonds before maturity at a reverse auction on Wednesday, over the HUF 10 bln plan.

ÁKK bought back HUF 10.9 bln of 2016/D bonds, which mature on December 22, 2016, accepting all the bids.

Average yield was 0.73%, 4 bps over the twelve-month secondary market benchmark.

ÁKK bought back HUF 2.32 bln of 2016/C bonds, which mature on February 12, 2016. Bids came to HUF 2.69 bln.

Average yield was 0.72%, 6 bps over the six-month secondary market benchmark

ÁKK originally planned to buy back HUF 5 bln of both the 2016/D and 2016/C bonds.


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