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ÁKK Purchases HUF 2.4 bln of Bonds at Buyback Auction

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The Government Debt Management Agency (ÁKK) purchased HUF 2.4 billion of bonds before maturity at a buyback auction on Wednesday, according to a report by state news wire MTI.

ÁKK bought back 2023/A bonds which mature on November 24. Primary dealers had offered HUF 3.5 bln of the securities for repurchase.

The agency had planned to buy back HUF 5 bln of the bonds.

ÁKK had also planned to buy back HUF 5 bln of 2024/B bonds which mature on June 26 of next year, but dealers offered none of the securities.

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