ÁKK bought back HUF 14.1 bln of 2018/A bonds, which mature on December 20, 2018, practically level with bids. Average repurchase yield was 0.10%.
ÁKK also bought back HUF 66.7 bln of 2019/A bonds which mature on June 24, 2019. Bids came to HUF 85.3 bln. The average repurchase yield was 0.21%.
The yields compare to a six-month secondary market benchmark of 0.05% and a twelve-month benchmark of 0.11%.
ÁKK had planned to buy back HUF 5 bln of each bond.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
