ÁKK buys HUF 58.1 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought a combined HUF 58.1 bln in bonds before maturity at a reverse auction on Wednesday, well over the HUF 10 bln plan, Hungarian news agency MTI reported.
ÁKK bought HUF 54.2 bln of 2016/C bonds, which mature on February 12, 2016, accepting all bids.
Average yield was 1.54%, 6bp under the twelve-month secondary market benchmark.
ÁKK bought back HUF 3.8 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 15.06 bln.
Average yield was 1.53%, 8bp under the twelve-month benchmark.
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