ÁKK sells HUF 50 bln of three-month bills, over plan
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 on strong demand, Hungarian news agency MTI reported.
Primary dealers bid for HUF 104.6 bln of the papers.
Average yield was 1.07%, 8 bps over the secondary market benchmark, which matures two weeks later, but 1 bps under the yield at the previous auction of the securities one week earlier.
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