ÁKK sells HUF 50 bln of 3-month T-bills, over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, HUF 10 bln over its original offer of HUF 40 bln.   

Primary dealers bid for HUF 98.01 bln of the papers, which expire on November 21, 2018, state news wire MTI reported.

The average yield was 0.10%, the same as the secondary market benchmark, calculated on the same bill series, and 1 basis point higher than the yield at the previous auction of the bills one week earlier.

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