ÁKK sells HUF 55 bln of three-month bills, over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 55 bln of discount three-month Treasury bills at auction on Tuesday, HUF 10 bln more than planned.

ÁKK raised its original offer after primary dealers bid for HUF 85.5 bln of the papers.

Average yield was 0.38%, 5 bps over the secondary market benchmark, but level with the yield at the previous auction of the bills one week earlier.

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