ÁKK buys HUF 26.30 bln of bonds at reverse auction

Debt

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The Government Debt Management Agency (ÁKK) bought HUF 26.30 bln of bonds before maturity at a reverse auction today, Hungarian news agency MTI reported.

ÁKK bought back HUF 26.30 bln of 2017/A bonds, which mature on November 24, 2017. Bids reached HUF 28.08 bln. 

ÁKK also planned to buy back 2017/B bonds, maturing on February 24, 2017, but as bids only reached HUF 0.2 bln, ÁKK cancelled the auction.

Average repurchase yield was 0.82% for the 2017/A bonds, 8 basis points over Tuesdayʼs twelve-month secondary market benchmark.

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