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ÁKK Auctions off HUF 15 bln of 3-mo T-bills

Debt

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer, according to a report by state news wire MTI.

Primary dealers bid for HUF 41.5 bln of the securities.

The average yield was 14.7%, 104 bp over the secondary market benchmark yield, but 22 bp under the yield at the previous auction of the bills one week earlier.

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