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ÁKK accepts no offers at reverse bond auction

Hungary’s government debt management agency ÁKK accepted no offers for the repurchase of bonds before maturity at a reverse auction on Wednesday.

Primary dealers offered to sell back HUF 8.9 billion of 2011/B bonds and HUF 17.6 billion of 2012/B bonds. The 2011/B bonds mature on October 12, 2011 and the 2012/B bonds mature on June 12, 2012.