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