ÁKK buys HUF 8.46 bln of bonds at reverse auction, less than planned
The Government Debt Management Agency (ÁKK) bought a combined HUF 8.46 bln of bonds before maturity at a reverse auction today, under the HUF 10 bln plan.
ÁKK bought back HUF 4.97 bln of 2016/D bonds, which mature on December 22, 2016, accepting all the bids.
Average yield was 0.51%, 23 bps under the twelve-month secondary market benchmark.
ÁKK bought back HUF 3.49 bln of 2016/C bonds, which mature on February 12, 2016, accepting all the bids.
Average yield was 0.47%, 25 bps under the three-month secondary market benchmark.
ÁKK planned to buy back HUF 5 bln of each of the bonds.
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