ÁKK buys back HUF 17.7 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back about HUF 17.7 bln of two bonds before maturity at a reverse auction, Hungarian news agency MTI reported today.
ÁKK accepted HUF 8.1 bln of the HUF 14.3 bln of bids submitted by primary dealers for the early redemption of 2015/A bonds which mature on February 12, 2015. Average yield was 1.39%.
ÁKK accepted HUF 9.6 bln of the HUF 13.6 bln of bids for early redemption of 2015/C bonds, which mature on August 24, 2015. Average yield was 1.50%.
The six-month and twelve-month secondary market benchmark yields were 1.45% and 1.60%, respectively, on Wednesday.
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.