Press Release - Government bond auctions again

The Government Debt Management Agency Pte. Ltd. (ÁKK) announces auctions of 3, 5 and 10-year government bonds on 12 February 2009, after consultations with Primary Dealers.

The Government Debt Management Agency Pte. Ltd. (ÁKK) announces auctions of 3, 5 and 10-year government bonds on 12 February 2009, after consultations with

Primary Dealers. The main objective of the auctions is to restart the government bond market and to use the price discovery function of auctions again. The

financing plan of the State for Q1 2009 does not include domestic bond financing, as it had been disclosed previously by ÁKK.

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    HGB and T-bill calculator
    Date: settlement date; minimum value: 01-01-2003; the date on which securities must be delivered and paid for to complete a transaction
    Type: DKJ - discount treasury bills, KTV - treasury bonds
    Convention: calculation method: ISMA (Act/Act) or EHM (Act/365 No Leap)
    Security: T-Bond or T-Bill denominated in HUF
    Yield %: yield to maturity, the percentage rate of return paid if the security is held to its maturity date
    Clean Price %: net present value of selected security, if it is not the input field, then = gross price% - acc. interest%
    Acc. Interest %: the amount of interest accumulated but not paid between the issue date or most recent payment and the settlement date
    Gross Price %: present value of selected security, if it is not the input field, then = clean price% + acc. interest%
    Face Value: optional positive integer value, Net Price, Acc. Ineterst and Gross Price will be recalculated
    Net Price: Clean Price% * face value
    Acc. Interest: Acc. Interest% * face value
    Gross Price: Gross Price% * face value