ÁKK sells HUF 24.5 bln of twelve-month bills, under plan

Debt

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 24.5 bln of discount twelve-month T-bills at auction today, cutting its original offer by HUF 5.5 bln on weak demand by primary dealers, Hungarian news agency MTI reported.

Bids for the papers came to just HUF 30.4 bln.

Average yield was 0.96%, 9 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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