ÁKK sells HUF 75 bln of three-month bills, over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 75 billion of three-month discount T-bills at auction on Tuesday, raising its original offer by HUF 25 bln on solid demand from primary dealers.   

Bids for the securities expiring on August 15 came to HUF 99.5 bln, state news agency MTI reported.

The average yield was 0.07%, 4 basis points over the secondary market benchmark, calculated on a bill expiring on September 26, and 1 bp higher than the yield at the previous auction of the papers on May 2.

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