ÁKK bond buyback far exceeds plan at reverse auction

Debt

pixabay

The Government Debt Management Agency (ÁKK) bought back a combined HUF 102.9 billion of bonds maturing in August and October of this year at a repurchase auction on Wednesday.   

The ÁKK bought back HUF 67.3 bln of 2019/D bonds, which mature on August 28, 2019. Bids reached HUF 72.7 bln, and the average repurchase yield was 0.00%.

The ÁKK also bought back HUF 35.6 bln of 2019/C bonds, which mature on October 30, 2019. Bids came to HUF 38.5 bln. The average repurchase yield was 0.06%. The repurchase yield compares to a six-month benchmark yield of 0.10%.

The ÁKK had planned to buy back just HUF 5 bln of both papers.

ADVERTISEMENT

Business, consumer sentiment improve in January Analysis

Business, consumer sentiment improve in January

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New leasing and sales director at Horizon Development Appointments

New leasing and sales director at Horizon Development

Gov't calls for technical screening of László Papp Arena City

Gov't calls for technical screening of László Papp Arena

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.