ÁKK buys back HUF 44.2 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back HUF 44.2 bln of three bonds before maturity at a reverse auction yesterday. Combined demand for the bonds came to HUF 46.7 bln.

ÁKK accepted HUF 28.6 bln of HUF 29.6 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015. Average yield was 1.47%, up 4 bp from the previous reverse auction two weeks earlier.

ÁKK accepted HUF 11.0 bln of HUF 12.3 bln of bids for 2015/C bonds which mature on August 24, 2015. Average yield was 1.55%, up 3 bp from the previous auction.

ÁKK accepted HUF 4.6 bln of HUF 4.8 bln of bids for the repurchase of 2016/C bonds which mature on February 12, 2016. Average yield was 1.65%, up 11 bp from the previous auction.

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