ÁKK sells HUF 25 bln of twelve-month T-bills, under plan

Debt

The Hungarian Government Debt Management Agency (ÁKK) sold HUF 25.0 bln of discount twelve-month T-bills at auction today, cutting its original offer by HUF 5 bln on weak demand from primary dealers, Hungarian news agency MTI reported.

Bids for the papers came to just HUF 37.2 bln. 

Average yield was 0.55%, 4 bps under both the secondary market benchmark and the yield at the previous auction of the bills two weeks earlier.

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