ÁKK buys back HUF 14.35 bln of bonds early at reverse auction
The Government Debt Management Agency (ÁKK) bought back a combined HUF 14.35 billion of bonds expiring in 2021 before maturity at a reverse auction on Wednesday, state news wire MTI reports.
ÁKK bought back HUF 7.45 bln of 2021/A floating-rate bonds, which mature on June 23, 2021. Bids reached HUF 43.01 bln.
The agency also bought back HUF 6.9 bln of 2021/C bonds maturing on April 21, 2021. Bids reached HUF 20.08 bln.
ÁKK had also planned to buy back 2021/B bonds but accepted none of the HUF 9.28 bln of bids.
The average repurchase yield for the 2021/C bond was 0.39%. The secondary market 12-month benchmark yield was 0.45%.
The agency had planned to buy back HUF 5 bln of all three papers.
ADVERTISEMENT
ÁSZ President Questions 'Neutralization' of MNB Losses
Varga in Talks With Big Firms on Global Min Corporate Tax Ra...
Wizz Air Celebrates 2.5 Millionth Passenger Flying From Debr...
Around 2,800 Events Take Place in European Capital of Cultur...
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.
