ÁKK buys back HUF 13 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back HUF 13.0 bln of two bonds before their maturity next year at a reverse auction on Wednesday.
ÁKK accepted HUF 7.2 bln of the HUF 10.7 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015. Average yield was 2.13%.
ÁKK accepted HUF 5.8 bln of the HUF 9.8 bln of bids for early redemption of 2015/C bonds, which mature on August 24, 2015. Average yield was 2.6%.
The closest, one-year, secondary market yield, calculated on a discount T-bill expiring on May 27, 2015, was 2.27% on Tuesday.
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.