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ÁKK sells HUF 20 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer, state news wire MTI reported.

Primary dealers bid for HUF 31.8 bln of the securities, which expire on July 31, 2019.

The average yield was 0.00%, 3 basis points under the secondary market benchmark, and unchanged from the average yield of the previous auction of the bills one week earlier.