ÁKK buys HUF 9.9 bln of bonds at reverse auction
pixabay
Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 9.9 bln of bonds expiring in 2017 before maturity at a reverse auction today, Hungarian news agency MTI reported.
The ÁKK bought back HUF 8.16 bln of 2017/C floating-rate bonds, which mature on December 20, 2017. Bids reached HUF 18.27 bln.
The ÁKK also bought back HUF 1.75 bln of 2017/B bonds maturing on February 24, 2017. Bids reached HUF 5.01 bln at the auction for the papers. The average yield of the early buyback was 0.50%, down from the six-month secondary market yield that stood at 0.60% on Tuesday.
ADVERTISEMENT
Duna House Profit Rise 36% y.o.y.
Parl't Approves Amendments to Legislation on Judiciary
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.
