ÁKK to introduce 20-year benchmark bond, new index
Hungaryʼs Government Debt Management Agency (ÁKK) said on Thursday it will launch a new, 20-year benchmark bond as well as a new, long-term government bond index in January, state news wire MTI reports.
The new 20-year benchmark bond will be the fifth, at the same time the longest benchmark bond in addition to the present three-, five-, 10 and 15-year ones.
ÁKK also calculates and publishes daily three-, six- and twelve months benchmark rates.
ÁKK schedules to auction its first 20-year bond on January 16, and plans to auction them in every eight weeks. It will be displayed among benchmarks from the second auction.
The 2041 bond will have a fixed rate and will expire on April 25, 2041.
In a parallel move, the debt manager will create a new long-term bond index under the name HMAX which will include bonds with a term in excess of three years.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
