AKK refuses bids at reverse auction
There was demand to sell HUF 27.6bn worth government bonds maturing in 2012 early, but the Government Debt Management Agency (AKK) refused all bids as prices in bids could have been too high at a reverse auction on Wednesday
AKK offered to buy back the same two bonds early as at recent auctions: the 2012/B bonds, which mature on June 12, 2012 and 2012/C bonds, which mature on October 24, 2012.
At the previous reverse auction held on November 16, AKK repurchased HUF 10.7bn of 2012/B bonds ahead of maturity at an average yield of 7.22% and it repurchased HUF 2.4bn of 2012/C bonds at an average yield of 7.33%.
ADVERTISEMENT
MKB Bank, Takarékbank to Hold Bank Holidays as Merger Finish...
Hungarian Lawmakers Ratify Finland's NATO Accession
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.
