ÁKK buys back HUF 88.7 bln of bonds at reverse auction

Debt

The Government Debt Management Agency (ÁKK) bought back a combined HUF 88.7 billion of bonds expiring in 2019 before maturity at a reverse auction on Wednesday, state news wire MTI reported.

The ÁKK bought back HUF 4.73 bln of 2019/A bonds, which mature on June 24, 2019. Bids reached HUF 18.39 bln, and the average repurchase yield was 0.02%.

The ÁKK also bought back HUF 83.97 bln of 2019/B bonds maturing on May 20, 2019. Bids reached HUF 111.86 bln. The average repurchase yield was 0.00%.

The repurchase yields compare to a 12-month secondary market benchmark of 0.00% and a three-year benchmark of 0.47%.

The ÁKK had planned to buy back HUF 5 bln of both papers.

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya Analysis

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya

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.