ÁKK buys HUF 26.30 bln of bonds at reverse auction
pixabay
The Government Debt Management Agency (ÁKK) bought HUF 26.30 bln of bonds before maturity at a reverse auction today, Hungarian news agency MTI reported.
ÁKK bought back HUF 26.30 bln of 2017/A bonds, which mature on November 24, 2017. Bids reached HUF 28.08 bln.
ÁKK also planned to buy back 2017/B bonds, maturing on February 24, 2017, but as bids only reached HUF 0.2 bln, ÁKK cancelled the auction.
Average repurchase yield was 0.82% for the 2017/A bonds, 8 basis points over Tuesdayʼs twelve-month secondary market benchmark.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
