ÁKK buys back bonds at reverse auction (updated)

Debt

The Government Debt Management Agency (ÁKK) bought back HUF 7.3 billion of bonds expiring in 2019 before maturity at a reverse auction on Wednesday, state news wire MTI reported.

The ÁKK accepted all bids to buy back HUF 2 bln of 2019/C bonds, which mature on October 30, 2019. The average repurchase yield was 0.00%, 10 basis points under the three-month secondary market benchmark.

The ÁKK also accepted all HUF 5.3 bln of bids to buy back 2020/B bonds, which mature on June 24, 2020. The average repurchase yield was 0.01%, 21 bps under the 12-month benchmark.

The ÁKK had planned to buy back HUF 5.0 bln of both papers.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.