BUDAPEST: The Government Debt Management Agency (ÁKK) bought a combined HUF 13 bln of bonds before maturity at a reverse auction on Wednesday, over the HUF 10 bln plan. ÁKK bought back HUF 1.6 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 4.6 bln.
Average yield was 0.90%, 4 bp under the six-month secondary market benchmark. ÁKK bought back HUF 11.4 bln of 2016/C bonds, which mature on February 12, 2016. Bids came to HUF 11.8 bln.Average yield was also 0.90%. ÁKK originally planned to buy back HUF 5 bln of both the 2016/D and 2016/C bonds.
