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

Debt

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

Primary dealers bid for HUF 62.6 bln of the securities, which mature on May 15, 2019.

The average yield was 0.02%, 6 basis points under the secondary market benchmark, calculated for a paper expiring one week later, and 3 bps under the yield at the previous auction of the bills one week earlier.

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