ÁKK sells HUF 45 bln of twelve-month bills, over plan
Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount twelve-month T-bills at auction today, raising its original offer by HUF 15 bln on strong demand, Hungarian news agency MTI reported.
Primary dealers bid for HUF 123.2 bln of the papers.
Average yield was 0.71%, 11 bps under the secondary market benchmark, which matures almost two months earlier, and 23 bps lower than the yield at the previous auction of the bills two weeks earlier.
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