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ÁKK sells HUF 50 bln of three-month T-bills, over plan

Debt

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Hungaryʼs Government Debt Management Agency ( ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, raising its original offer by HUF 10 bln on strong demand, Hungarian news agency MTI reported.

Primary dealers bid for HUF 91.9 bln of the securities. 

Average yield was 0.80%, level with the secondary market benchmark, which matures about two months later, and 2 bps under the yield at the previous auction of the bills one week earlier.

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