ADVERTISEMENT

ÁKK buys back almost HUF 16 bln of bonds at repurchase auction

Debt

Hungaryʼs Government Debt Management Agency (ÁKK) bought back HUF 15.9 billion of bonds before maturity at a repurchase auction today, more than planned,Hungarian news agency MTI reported.

ÁKK bought back HUF 15.9 bln of 2017/C bonds, which mature on December 20, 2017. Dealers offered to sell HUF 38.7 bln of the papers. 

ÁKK earlier announced it would buy back HUF 5 bln of the bonds. 

ÁKK also said earlier it would repurchase HUF 5 bln of 2017/A bonds, which mature on November 24, 2017, but bought none after dealers offered a paltry HUF 7 million of the securities.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.