ÁKK buys HUF 49.9 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back HUF 49.9 bln of bonds before their maturity in November 2017 while refused all bids for another bond due next February at a reverse auction today, Hungarian news agency MTI reported.
ÁKK bought back HUF 49.9 bln of 2017/A bonds, which mature on November 24, 2017, accepting all bids.
Average repurchase yield was 1.12%, 10 bps over the twelve-month secondary market benchmark while down 13 bps from the previous reverse auction of 2017/A bonds on March 2.
ÁKK refused all the HUF 18.7 bln bids it received for the early redemption of 2017/B bonds, which mature on February 24, 2017.
At their previous reverse auction on March 2 ÁKK bought back HUF 22.31 bln of the series at an average yield of 0.91%, 12 bps under the then-effective twelve-month secondary market benchmark.
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.