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ÁKK sells HUF 25 bln of 3-month T-bills, as planned

Debt

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The Government Debt Management Agency (ÁKK) sold HUF 25.0 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer.

Primary dealers bid for HUF 67.1 bln of the securities, state news wire MTI reported.

The average yield was 0.05%, 4 basis points over the secondary market benchmark, but 5 bps under the yield at the previous auction of the bills one week earlier.

The ÁKKʼs offer was well under the HUF 40 bln or HUF 50 bln of the bills it has generally announced for sale at weekly auctions for almost a year, MTI noted.

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