ÁKK buys HUF 23.11 bln in bonds at reverse auction, more than planned
The Government Debt Management Agency (ÁKK) bought a combined HUF 23.11 bln in bonds prior to their maturity at a reverse auction today, more the HUF 10 bln originally planned.
ÁKK bought back HUF 10.36 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 12.45 bln.
Average yield was 0.49%, 7 bps under the twelve-month secondary market benchmark.
ÁKK bought back HUF 12.75 bln of 2016/C bonds, which mature on February 12, 2016, accepting all bids.
Average yield was 0.43%, 14 bps under the six-month secondary market benchmark.
ÁKK planned to buy back HUF 5 bln of each of the bonds.
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.