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ÁKK sells HUF 49 bln of six-week T-bills, more than planned

Debt

The Government Debt Management Agency (ÁKK) sold HUF 49 bln discount twelve-month T-bills at a liquidity auction today, raising its original offer by HUF 9 bln on high demand, Hungarian news agency MTI reported.

Primary dealers bid for HUF 143.67 bln of the papers.

Average yield was 1.27%, 47 bps over the three-month secondary market benchmark.

The liquidity discount T-bills are designed to manage the central governmentʼs short-term liquidity needs, and, accordingly, are auctioned on a case-by-case basis.

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