ÁKK buys HUF 31.4 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought a combined HUF 31.41 bln of bonds before maturity at a reverse auction on Wednesday, well over the HUF 10 bln plan, though it did not accept any bids for bonds maturing next February.
ÁKK bought back HUF 31.41 bln of 2016/D bonds, which mature on December 22, 2016. Bids reached HUF 48.29 bln. Average yield was 1.55%, the same as the twelve-month secondary market benchmark.
ÁKK did not accept any of the combined HUF 1 bln bids for the 2016/C bonds, which mature on February 12, 2016, despite planning to buy back HUF 5 bln.
ADVERTISEMENT
MNB Keeps 0.5% Capital Buffer Activation Date
Ukraine Suspends OTP Status on 'Sponsors of War' List
Labor Unions Welcome Collective Contracts Court Decision
Pálinka Added to EU-Japan Geographical Indication Deal
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.
