ÁKK buys HUF 61.34 bln of bonds at reverse auction, far more than planned

Debt

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The Government Debt Management Agency (ÁKK) bought HUF 61.34 bln of bonds before maturity at a reverse auction today, well over the HUF 10 bln plan, Hungarian news agency MTI.

ÁKK bought back HUF 22.31 bln of 2017/B bonds, which mature on February 24, 2017. Bids reached HUF 32.89 bln. 

Average repurchase yield was 0.91%, 12 bps under the twelve-month secondary market benchmark. 

ÁKK bought back HUF 39.03 bln of 2017/A bonds, which mature on November 24, 2017. Bids reached HUF 62.27 bln. 

Average repurchase yield was 1.25%, 22 bps over the twelve-month secondary market benchmark. 

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

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