ÁKK buys HUF 20 bln of bonds at reverse auction, more than planned
The Government Debt Management Agency (ÁKK) bought a combined HUF 20 bln of bonds before maturity at a reverse auction on Wednesday, over the HUF 10 bln plan.
ÁKK bought back HUF 17.8 bln of 2016/D bonds, which mature on December 22, 2016, accepting all the bids.
Average yield was 0.95%, 6 bp under the twelve-month secondary market benchmark.
ÁKK bought back HUF 2.2 bln of 2016/C bonds, which mature on February 12, 2016, also accepting all the bids.
Average yield was 0.96%, 4 bp under the six-month secondary market benchmark.ÁKK originally planned to buy back HUF 5 bln of both the 2016/D and 2016/C bonds.
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.