ÁKK buys back HUF 84.1 bln of bonds early at reverse auction
Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 84.1 bln of bonds expiring in 2018 before maturity at a reverse auction today, according to Hungarian news agency MTI.
The ÁKK bought back HUF 8.53 bln of 2018/B bonds, which mature on April 25, 2018. Bids reached HUF 11.15 bln. The average repurchase yield was 0.36%.
The ÁKK also bought back HUF 75.57 bln of 2018/C bonds maturing on June 22, 2018. Bids reached HUF 76.04 bln. The average repurchase yield was 0.37%.
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.