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ÁKK buys HUF 22.69 bln of bonds at reverse auction

Debt

Hungary’s Government Debt Management Agency (ÁKK) bought HUF 22.69 bln of bonds before maturity at a reverse auction today, according to Hungarian news agency MTI.

ÁKK bought back HUF 12.95 bln of 2017/C floating-rate bonds, which mature on December 20, 2017. Bids reached HUF 13.70 bln. 

ÁKK also bought back HUF 9.74 bln of 2017/B bonds maturing on February 24, 2017. Bids reached HUF 16.74 bln.

ÁKK planned to buy back HUF 5 bln of both of the bonds.

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