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ÁKK cuts offer at twelve-month T-bill auction on moderate demand

Debt

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 25 bln of discount twelve-month T-bills at auction today, lowering its original offer by HUF 5 bln on moderate demand, Hungarian news agency MTI reported.

Primary dealers bid for HUF 55.9 bln of the papers.

Average yield was 0.59%, 3 bps under the secondary market benchmark and 12 bps lower than the yield at the previous auction of the bills two weeks earlier.ÁKK cuts offer at twelve-month T-bill auction on moderate demand.

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