ÁKK buys back HUF 38.1 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back HUF 38.1 billion of bonds maturing in 2020 at a reverse auction on Wednesday, state news wire MTI reported.
Offers of the bonds, which mature on June 24, 2020, reached HUF 62.8 bln. The average repurchase yield was 0.41%, compared to a secondary 12-month benchmark yield of 0.28%.
Primary dealers also offered HUF 4.2 bln of 2019/A bonds which mature on June 24, 2019, but the ÁKK accepted no offers.
The ÁKK had planned to buy back HUF 5 bln of both securities.
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.