ÁKK buys back HUF 21 bln of bonds early

Debt

The Government Debt Management Agency (ÁKK) bought back a combined HUF 21.37 billion of bonds expiring in 2019 before maturity at a reverse auction on Wednesday.   

The ÁKK bought back HUF 13.05 bln of 2019/A bonds, which mature on June 24, 2019. Bids reached HUF 32.34 bln, and the average repurchase yield was 0.49%.

The ÁKK also bought back HUF 8.32 bln of 2019/C bonds maturing on October 30, 2019. Bids reached HUF 24.30 bln. The average repurchase yield was 0.53%.

The repurchase yields compare to a 12-month secondary market benchmark of 0.37%. The agency had planned to buy back HUF 5 bln of both papers.

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.