ÁKK buys HUF 3.7 bln of bonds at reverse auction

Debt

Hungary’s Government Debt Management Agency (ÁKK) bought HUF 3.7 bln of bonds before maturity at a reverse auction today, Hungarian news agency MTI reported.

ÁKK bought back HUF 3.7 bln of 2017/C floating-rate bonds, which mature on December 20, 2017. Bids reached HUF 18.75 bln. 

ÁKK also planned to buy back 2017/A bonds maturing on November 24, 2017 but cancelled the buyback after it received a mere HUF 37m bids.

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

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