ÁKK buys back HUF 8.41 bln of bonds early at reverse auction
pixabay
The Government Debt Management Agency (ÁKK) bought back a combined HUF 8.41 billion of bonds expiring in 2020 and 2021 before maturity at a reverse auction on Wednesday, according to a report by state news wire MTI.
Image by Pixabay
ÁKK bought back HUF 7.45 bln of 2020/A bonds, which mature on November 12, 2020, accepting all the bids.
The agency also bought back HUF 5.51 bln of 2021/B bonds maturing on October 27, 2020. Bids reached HUF 10.51 bln.
The average repurchase yields for the 2020/A bond and the 2021/B bond were both 0.72%. The secondary market 12-month benchmark yield was 0.81%.
ÁKK had planned to buy back HUF 5 bln of all three papers.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
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.
