ÁKK buys back HUF 14.77 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought back a combined HUF 14.77 billion of bonds expiring in 2019 and 2020 before maturity at a reverse auction on Wednesday, state news wire MTI reported.
The ÁKK bought back HUF 2.48 bln of 2019/C bonds, which mature on October 30, 2019, accepting all the bids. The average repurchase yield was 0.04%.
The ÁKK also bought back HUF 12.29 bln of 2020/B bonds maturing on June 24, 2020. Bids reached HUF 13.29 bln. The average repurchase yield was 0.05%.
The repurchase yields compare to a three-month secondary market benchmark of 0.04% and a 12-month benchmark of 0.24%. The ÁKK had planned to buy back HUF 5 bln of both papers.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
