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AKK buys back HUF 8.2bn of bonds at reverse auction

The Government Debt Management Agency (AKK) bought a combined HUF 8.2bn of bonds before maturity at a reverse auction on Wednesday.

AKK bought back HUF 1.45bn of 2012/B bonds, which mature on June 12, 2012. Primary dealers offered HUF 8.9bn.

Average yield was 7.41%, 14bp over the secondary market six-month benchmark.

AKK bought back HUF 6.7bn of 2012/C bonds, which mature on October 24, 2012. Offers came to HUF 15.6bn.

Average yield was 7.54%, 29bp over the twelve-month benchmark on the secondary market.