ÁKK buys HUF 21.2 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought a combined HUF 21.2 bln of bonds before maturity at a reverse auction on Wednesday, over the HUF 10 bln plan, though it did not accept any bids for bonds maturing next February.

ÁKK bought back HUF 21.2 bln of 2016/D bonds, which mature on December 22, 2016. All bids were accepted.

Average yield was 1.45%, 2bp under the twelve-month secondary market benchmark.

ÁKK did not accept any of the combined HUF 4 bln bids for the 2016/C bonds, which mature on February 12, 2016, despite planning to buy back HUF 5 bln.

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