The Government Debt Management Agency (AKK) refused all bids at a bond exchange auction on Wednesday.
None of the bids submitted by primary dealers to exchange HUF 7.7bn of 2013/D bonds and HUF 5.3bn 2013/E bonds for 2020/A bonds were accepted.
AKK told MTI after the auction that demand was adequate but yields did not make the exchange worthwhile for the state.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
