ÁKK buys back HUF 13 bln in govt bonds in reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back HUF 12.9 billion of bonds before maturity at a reverse auction on Wednesday.

The ÁKK accepted HUF 7.3 billion of offers for HUF 14.3 billion to buy back 2012/B bonds which mature on June 12, 2012. Average yield at the auction was 6.01%.

The ÁKK bought back HUF 5.6 billion of 2012/C bonds which mature on October 24, 2012. Dealers offered HUF 12.6 billion worth of the bonds. Average yield was 6.10%.

The twelve-month secondary market benchmark yield was 6.13% on Tuesday.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.