ÁKK buys HUF 5.7 bln of bonds at reverse auction
Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 5.7 bln of bonds before maturity at a reverse auction today, Hungarian news agency MTI reported today.
ÁKK bought back HUF 1.5 bln of 2017/C floating-rate bonds, which mature on December 20, 2017. Bids reached HUF 8.7 bln.
ÁKK also bought back HUF 4.2 bln of 2017/B bonds maturing on February 24, 2017, accepting all the bids.
The average buyback price of the floating-rate bond rose to 100.19% from 100.1894% on August 31. The average yield of the 2017/B bond dropped to 0.50% from 0.51% at the previous auction, and was up from Wednesdayʼs six-month secondary market of 0.54%.
The auction brought the volume of bonds bought back ahead of maturity this year to HUF 820.7 bln.
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