ÁKK buys HUF 1.17 bln of bonds at reverse auction, less than planned
The Government Debt Management Agency (ÁKK) bought HUF 1.17 bln of bonds before maturity at a reverse auction today, under the HUF 10 bln plan, Hungarian news agency MTI reported.
ÁKK bought back HUF 1.17 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 1.67 bln.
Average repurchase yield was 0.73%, 22 bps under the twelve-month secondary market benchmark.
ÁKK cancelled the auction of 2017/B bonds, which mature on February 24, 2017. Bids reached HUF 11.03 bln.
ÁKK planned to buy back HUF 5 bln of each of the bonds.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
Hungarian Gen Z Auto-buyers Prioritize Affordability
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
