ÁKK bond buyback exceeds plan
The Government Debt Management Agency (ÁKK) bought back a combined HUF 15.74 billion of bonds expiring in 2020 and 2021 before maturity at a reverse auction on Wednesday, state news wire MTI reported.
The ÁKK bought back HUF 0.99 bln of 2020/A bonds, which mature on November 12, 2020, accepting all bids. The average repurchase yield was 0.00%.
The ÁKK also bought back HUF 14.75 bln of 2021/C bonds maturing on April 21, 2021, also accepting all bids. The average repurchase yield was also 0.00%.
The repurchase yields compare to a 12-month benchmark of 0.02%.
The ÁKK had planned to buy back HUF 5 bln of each paper.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
