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

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

The debt manager raised its sales from the originally planned HUF 50 bln to HUF 75 bln for the second auction in a row, noted state news agency MTI. 

Bids for the securities expiring on September 12 came to HUF 139.6 bln. The average yield was 0.15%, 1 basis point over the secondary market benchmark calculated on a bill expiring two weeks later, but 1 bp under the yield at the previous auction of the bills one week earlier.