ÁKK sells HUF 40 bln of three-month T-bills, over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of three-month discount T-bills at auction on Wednesday, raising its original offer by HUF 5 bln, state news wire MTI reported.

Bids for the securities, expiring on February 6, 2019, came to HUF 86.7 bln. The average yield was -0.07%, 5 basis points under the secondary market benchmark and one basis point under the yield at the previous auction of the bills about one week earlier.

The debt manager raised its original offer to HUF 35 bln at the auction, up from the HUF 25 bln it had been offering since late September, when it started to sell three-month bills expiring next year. 

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