The ÁKK bought back HUF 20.41 bln of 2018/C bonds, which mature on June 22, 2018. Bids reached HUF 29.51 bln. The average repurchase yield was 0.11%.
The ÁKK also bought back HUF 89.16 bln of 2019/C bonds maturing on October 30, 2019. Bids reached HUF 102.02 bln. The average repurchase yield was 0.30%.
Demand as well as the accepted offers exceeded even the recent high levels of interest, especially in the case of the early resale of bonds expiring beyond the end of 2018.
The repurchase yields compare to a 12-month secondary market benchmark of 0.10% and a three-year benchmark of 0.78%.
The ÁKK planned to buy back HUF 5 bln of both papers.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
