BUDAPEST: The Government Debt Management Agency (ÁKK) bought a combined HUF 57.2 billion of bonds before maturity at a reverse auction on Wednesday, well over the HUF 10 billion plan. ÁKK bought HUF 43.9 billion of 2016/C bonds, which mature on February 12, 2016. Bids reached HUF 44.3 billion.
Average yield was 1.56%, 5 bp over the twelve-month secondary market benchmark. ÁKK bought back HUF 13.3 billion of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 28.75 billion. Average yield was 1.57%, 6 bp over the twelve-month secondary market benchmark.
