AKK requests delisting of all govt securities from Budapest Stock Exchange
The Government Debt Management Agency (AKK) submitted a request for the delisting of all Hungarian state bonds and discount T-bills from the Budapest Stock Exchange, AKK said in an announcement on the bourse late Tuesday.
The delisting would take place on January 2, 2012, according to the request. The last day of trade in the securities would be December 30.
In an announcement published on its website, AKK said Hungarian government bonds and T-bills will be traded on the electronic and multilateral trading system of MTS Hungary (MTS Hungary Platform) from January 2, 2012. Trading of the securities on the BSE will cease, it added.
The securities will be listed on the MTS Hungary Platform "with the former and unaltered listing conditions", AKK said.
AKK will continue to publish the best bid and ask prices and yields of government securities subject to the price quotation obligation of primary dealers, benchmark yields, indices and other benchmarks calculated from them with unaltered frequency, but these calculations will be based on the rates, prices and yields quoted on MTS Hungary Platform from January 2, 2012, the debt manager said.
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.