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ÁKK sells HUF 40 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40.0 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 79.5 bln of the papers expiring on May 23.

The average yield was 0.00%, unchanged from the previous auction of the bills one week earlier and 3 basis points over the secondary market benchmark, calculated on the same bill series.