ÁKK buys HUF 9.9 bln of bonds at reverse auction

Debt

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Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 9.9 bln of bonds expiring in 2017 before maturity at a reverse auction today, Hungarian news agency MTI reported.

The ÁKK bought back HUF 8.16 bln of 2017/C floating-rate bonds, which mature on December 20, 2017. Bids reached HUF 18.27 bln.  

The ÁKK also bought back HUF 1.75 bln of 2017/B bonds maturing on February 24, 2017. Bids reached HUF 5.01 bln at the auction for the papers. The average yield of the early buyback was 0.50%, down from the six-month secondary market yield that stood at 0.60% on Tuesday. 

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