Hungary buys back EUR 47.2mn worth of bonds ahead of maturity.

By bne IntelliNews July 26, 2012
Hungary's state debt manager AKK has bought back HUF 13.6bn (EUR 47.2mn) worth of fixed-rate bonds ahead of their maturity, the authority said on its website. AKK repurchased HUF 435mn of bonds, maturing on February 12, 2013, which was considerably below the HUF 2.3bn offer of the dealers. The average yield was 6.95%, which is 22bps below the level reached at the previous reverse auction on July 11 but 4bps over the three-month secondary benchmark fixing. The debt manager bought back also HUF 13.2bn worth of bonds, which mature on October 24, 2013. Dealers submitted bids totalling HUF 14.1bn, while the average yield was 6.89%, up by 1bps from the twelve-month secondary benchmark fixing.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Dismiss