BUDAPEST: The Government Debt Management Agency (ÁKK) bought a combined HUF 21.2 billion of bonds before maturity at a reverse auction on Wednesday, over the HUF 10 billion plan, though it did not accept any bids for bonds maturing next February.
ÁKK bought back HUF 21.2 billion of 2016/D bonds, which mature on December 22, 2016. All bids were accepted. Average yield was 1.45%, 2bp under the twelve-month secondary market benchmark. ÁKK did not accept any of the combined HUF 4 billion bids for the 2016/C bonds, which mature on February 12, 2016, despite planning to buy back HUF 5 billion.
