ÁKK buys HUF 13 bln of bonds at reverse auction, more than planned

Debt

The Government Debt Management Agency (ÁKK) bought a combined HUF 13 bln of bonds before maturity at a reverse auction on Wednesday, over the HUF 10 bln plan.

ÁKK bought back HUF 1.6 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 4.6 bln.



Average yield was 0.90%, 4 bp under the six-month secondary market benchmark.



ÁKK bought back HUF 11.4 bln of 2016/C bonds, which mature on February 12, 2016. Bids came to HUF 11.8 bln.


Average yield was also 0.90%.



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


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