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ÁKK buys back HUF 1.9 bln of bonds at reverse auction

Hungary’s government debt management agency ÁKK bought back HUF 1.9 billion of 2012/B bonds before maturity at a reverse auction on Wednesday.

Primary dealers offered to sell HUF 7.1 billion of the bonds, which mature on June 12, 2012.

Average yield was 5.81%, 6bp under the secondary market twelve-month benchmark.