The State Debt Management Center (ÁKK) accepted just Ft 14.1 billion of offers worth Ft 93 billion by primary dealers to sell back bonds before maturity at a reverse auction on Wednesday.
The ÁKK accepted just one of 17 offers to sell back 2007/F bonds, which mature on April 12, 2007. The single offer was for Ft 1 billion compared to total offers for the bonds worth Ft 25.7 billion. The yield was 8.15%, 4bp more than the yield at the previous reverse auction for the bonds on August 30. 2007/F bonds worth Ft 252.3 billion will remain outstanding after the auction.
The ÁKK accepted offers worth Ft 13.1 billion to buy back 2007/D bonds which mature on June 12, 2007. Total offers for the bills came to Ft 67.3 billion. Average yield at the auction was 8.21%.
The repurchase yields compared to a six-month secondary market benchmark yield of 8% and a twelve-month benchmark of 8.07% on Tuesday.