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ÁKK Sells HUF 35 bln of 6-month T-bills at Auction, Over Plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of discount six-month T-bills at auction on Wednesday, HUF 10 bln over the plan, according to a report by state news wire MTI.

Primary dealers bid for HUF 94.7 bln of the securities.

The average yield was 12.36%, 51 bp under the secondary market benchmark yield and 66 bp lower than the yield at the previous auction of the bills one week earlier, the report notes.

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