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ÁKK sells Ft 30 bln worth of T-bills at auction

Hungary's borrowing costs declined at a sale of Ft 30 billion of six-month bills today. The securities were sold at an average yield of 5.81%, 28 basis points lower than at an auction two weeks ago, the government's Debt Management Agency (ÁKK) said. The yield at today's auction was 2 basis points lower than the yield on securities with a similar maturity on the secondary market yesterday. The agency received 144 bids totaling Ft 114 billion and accepted 55 of them.