ÁKK buys HUF 31.4 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought a combined HUF 31.41 bln of bonds before maturity at a reverse auction on Wednesday, well over the HUF 10 bln plan, though it did not accept any bids for bonds maturing next February.
ÁKK bought back HUF 31.41 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 48.29 bln. Average yield was 1.55%, the same as the twelve-month secondary market benchmark.
ÁKK did not accept any of the combined HUF 1 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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