ÁKK sells HUF 50 bln of three-month bills at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, raising its original offer by HUF 10 bln, Hungarian news agency MTI reported today. Yields rose slightly.

Bids came to HUF 72.8 bln, down from HUF 84.2 bln on April 26 when the debt manager also sold HUF 50 bln papers, HUF 10 bln over the original plan. 

Average yield was 0.98%, 3bp over the secondary market benchmark and 1bp over the yield at the previous auction of the bills one week earlier.

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