ADVERTISEMENT

ÁKK buys back HUF 12.4 bln of bonds early at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back HUF 12.4 billion of bonds expiring in 2020 before maturity at a reverse auction on Wednesday, according to Hungarian news agency MTI.

Bids for the 2020/B bonds, which mature on June 24, 2020, reached HUF 17.4 bln. The average repurchase yield was 0.29%, which compares to a 0.37% yield on the twelve-month benchmark.

The ÁKK had planned to buy back HUF 5 bln of the securities.

The ÁKK had also planned to buy back HUF 5 bln of 2019/C bonds, which mature on October 30, 2019, but it accepted none of the bids, which came to just HUF 2 bln.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.