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ÁKK raises offer on strong demand at three-month T-bill auction

Debt

The Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount three-month T-bills at auction on Tuesday, HUF 10 bln more than planned.

ÁKK raised its original offer after primary dealers bid for HUF 126.9 bln of the papers.

Average yield was 0.70%, 2bp under the secondary market benchmark and 5bp lower than the yield at the previous auction of the securities one week earlier.

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