ÁKK sells HUF 9 bln of 3-month T-bills at auction, under plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 9 billion of discount three-month T-bills at auction on Tuesday, under the original offer, according to a report by state news wire MTI.

ÁKK cut the offer by HUF 6 bln after primary dealers bid for just HUF 9.4 bln of the securities.

The average yield was 0.74%, 2 bp under the secondary market benchmark but 9 bp higher than the yield at the previous auction of the bills one week earlier.

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