BUDAPEST: The Government Debt Management Agency (ÁKK) bought a combined HUF 65.8 billion of bonds before maturity at a reverse auction today, over the HUF 10 billion plan.
ÁKK bought back HUF 56.4 billion of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 56.8 billion. Average yield was 1.13%, 3 bp under the twelve-month secondary market benchmark.
ÁKK bought back HUF 9.4 billion of 2016/C bonds, which mature on February 12, 2016. Bids reached HUF 10.8 billion. Average yield was 1.14%, 3 bp over the six-month secondary market benchmark. ÁKK originally planned to buy back HUF 5 billion of both the 2016/D and 2016/C bonds.
