Hungary raises offer of twelve-month bills on high demand, yields down.

By bne IntelliNews August 31, 2012
Hungary's state debt manager AKK sold HUF 60bn (EUR 210.8mn) in 12-month treasury bills at an auction on August 30, raising the initial offer by HUF 15bn on strong demand, AKK informed. Investors bids totalled HUF 150bn ensuring more than a three-fold coverage. The average yield stood at 6.793%, by 15bps below the yield at the previous tender held a couple of weeks ago and 1bpt under the secondary benchmark fixing. The range of yields winded and varied between 6.71% and 6.82%.

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