March 6, 2013
On February 26, 2013, Citi Hungary was named the “Primary Dealer of the Year in 2012” by the Hungarian Government Debt Management Agency (ÁKK) for the second consecutive year.
In addition to this accolade, Citi Hungary’s Markets team was also named the “Primary Dealer with the highest primary market share in 2012 regarding Hungarian government bonds” and also “The most active repo partner of AKK in 2012”. In addition Citi was recognized as primary dealer with the second highest secondary market share in 2012.
Batara Sianturi, Citi Country Officer for Citibank Hungary said, “As part of a unique global institution with an unmatched history of 200 years, global network and expertise, Citi has been a longstanding partner for the Government of Hungary in attracting international investors from around the globe and supporting its endeavour to get access to the capital markets. Most recently, Citi was joint lead manager in Hungary’s $3.25 billion sovereign bond issuance this February, a transaction marking Hungary’s return to the international bond market after nearly two years. We greatly appreciate this award by which ÁKK is recognizing Citi Hungary’s outstanding overall performance in the sovereign debt market in 2012.”
Roman Kovac, Head of Markets in Hungary added “Winning this honour based on a number of benchmarks, including primary market share, repo activity with the debt management agency, buyback auction activity and secondary market turnover – all of which represent a commitment to the sovereign debt market and our clients in Hungary.”
Primary dealers play a key role in providing sovereign financing for the central budget. ÁKK continuously monitors primary dealers’ performance, based on which it draws up the annual league table and recognizes the best performers in various categories. AKK launched this award program in 1997.
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