ÁKK buys HUF 23.11 bln in bonds at reverse auction, more than planned
The Government Debt Management Agency (ÁKK) bought a combined HUF 23.11 bln in bonds prior to their maturity at a reverse auction today, more the HUF 10 bln originally planned.
ÁKK bought back HUF 10.36 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 12.45 bln.
Average yield was 0.49%, 7 bps under the twelve-month secondary market benchmark.
ÁKK bought back HUF 12.75 bln of 2016/C bonds, which mature on February 12, 2016, accepting all bids.
Average yield was 0.43%, 14 bps under the six-month secondary market benchmark.
ÁKK planned to buy back HUF 5 bln of each of the bonds.
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