ÁKK sells HUF 44 bln of three-month bills, 10% over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 44.0 billion of discount three-month Treasury bills at auction on Tuesday, raising its original offer by HUF 4 bln on strong demand, state news wire MTI reported.   

Primary dealers bid for HUF 101.3 bln of the securities.

The average yield was 0.00%, 2 basis points over the secondary market benchmark, but 1 bp lower than the yield at the previous auction of the bills one week earlier.

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