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Auction of twelve-month T-bills unsuccessful

The Government Debt Management Agency (ÁKK) made no sales at an auction of twelve-month T-bills and floating-rate bonds on low demand on Thursday.

ÁKK had offered HUF 40bn of twelve-month discount T-bills, but sold none after primary dealers submitted bids for just HUF 22.8bn.

ÁKK sold HUF 5bn of 2015/B floating-rate bonds, the announced amount. Dealers bid for HUF 7.2bn of the bonds.