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ÁKK sells HUF 70 bln of three-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 70.0 billion of discount three-month T-bills at auction on Tuesday, raising its original offer by HUF 20.0 bln on strong demand from primary dealers.   

Bids for the papers came to HUF 93.3 bln, state news wire MTI reported.

The average yield was 0.11%, 3 basis points over the secondary market benchmark and 4 bps higher than the yield at the previous auction of the securities one week earlier.