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ÁKK buys HUF 20 bln of bonds at reverse auction, more than planned

Debt

The Government Debt Management Agency (ÁKK) bought a combined HUF 20 bln of bonds before maturity at a reverse auction on Wednesday, over the HUF 10 bln plan.

ÁKK bought back HUF 17.8 bln of 2016/D bonds, which mature on December 22, 2016, accepting all the bids.

Average yield was 0.95%, 6 bp under the twelve-month secondary market benchmark.

ÁKK bought back HUF 2.2 bln of 2016/C bonds, which mature on February 12, 2016, also accepting all the bids.

Average yield was 0.96%, 4 bp under 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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