ÁKK buys HUF 58.1 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought a combined HUF 58.1 bln in bonds before maturity at a reverse auction on Wednesday, well over the HUF 10 bln plan, Hungarian news agency MTI reported.
ÁKK bought HUF 54.2 bln of 2016/C bonds, which mature on February 12, 2016, accepting all bids.
Average yield was 1.54%, 6bp under the twelve-month secondary market benchmark.
ÁKK bought back HUF 3.8 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 15.06 bln.
Average yield was 1.53%, 8bp under the twelve-month benchmark.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.