ÁKK sells HUF 18 bln of three-month bills, under plan

Debt

The Government Debt Mangement Agency (ÁKK) sold HUF 18 bln of discount three-month T-bills at auction on Tuesday, cutting its original offer by HUF 2 bln on poor demand.

Primary dealers bid for just HUF 23.8 bln of the papers.

Average yield was 0.43%, 4 bps over both the secondary market benchmark and the yield at the previous auction of the bills one week earlier.

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