Dealers submitted HUF 46.3 bln bids for the papers which expire on May 11. Demand fell from HUF 48.9 bln a week earlier when the debt manager cut its sale by HUF 5 bln to HUF 35 bln.
Average yield was 1.09%, 16 bps over the secondary market benchmark, calculated on a bill expiring on June 8, and 11 bps over the yield at the January 26 auction.
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