ÁKK buys back HUF 19.1 bln of bonds early at reverse auction

Debt

The Government Debt Management Agency bought a combined HUF 19.1 bln of bonds expiring in 2018 and 2019 before maturity at a reverse auction today, Hungarian news agency MTI reported.

Both demand and the actual repurchase was down from over HUF 80 bln at the previous reserve auction held two weeks earlier. The average repurchase yields dropped slightly.

ÁKK bought back HUF 2.5 bln of 2018/B bonds, which mature on April 25, 2018, practically level with bids. Average repurchase yield was 0.08%.

ÁKK also bought back HUF 16.6 bln of 2019/A bonds which mature on June 24, 2019. Bids came to HUF 18.7 bln. The average repurchase yield was 0.20%.

The yields compare to a six-month secondary market benchmark of 0.10% and a twelve-month benchmark of 0.09%.

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.