ÁKK buys back HUF 20.98 bln of bonds early at reverse auction
The Government Debt Management Agency (ÁKK) bought back a combined HUF 20.98 bln of bonds expiring in 2018 before maturity at a reverse auction today, Hungarian news agency MTI reported.
The ÁKK bought back HUF 1.24 bln of 2018/B bonds, which mature on April 25, 2018, accepting all the bids. The average repurchase yield was 0.13%.
The ÁKK also bought back HUF 19.74 bln of 2018/C bonds maturing on June 22, 2018, also accepting all the bids. The average repurchase yield was likewise 0.13%.
The ÁKK planned to buy back HUF 5 bln of both papers.
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.