ÁKK buys back HUF 12.32 bln of bonds early at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back a combined HUF 12.32 bln of bonds expiring in 2021 before maturity at a reverse auction on Wednesday, state news wire MTI reports.

ÁKK bought back HUF 3.36 bln of 2021/B bonds, which mature on October 27, 2021. Bids reached HUF 35.46 bln.

ÁKK also bought back HUF 8.96 bln of 2021/C bonds maturing on April 21, 2021. Bids reached HUF 33.25 bln.

The average repurchase yield for the 2021/B bonds was 0.53% and for the 2021/C bonds 0.5%.

The secondary market 12-month benchmark yield was 0.41%.

ÁKK had planned to buy back HUF 5 bln of each of the papers.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.