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ÁKK sells HUF 20 bln of 12-month bills, as planned

Debt

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount 12-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI reported.

Primary dealers bid for HUF 55.2 bln of the bills. 

The average yield was 0.51%, 3 bps over the secondary market benchmark but level with the yield at the previous auction of the bills two weeks earlier.

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