Demand for Hungary's 3-month discount bills rises.

By bne IntelliNews April 25, 2012
Hungary's debt manager AKK placed the initially-planned lot of HUF 50bn (EUR 167.5mn) in three-month discount treasury bills at an auction on April 24, the authority said on its website. Investors offered HUF 84.7bn worth of bids, up from HUF 56.4bn at the previous auction on April 17, when the debt manager cut the float. The average yield stood at 7.29% or 6bps below the secondary benchmark fixing but 1bpt above the yield at the previous tender a week ago. The range of the accepted yields widened, varying from 7.20% to 7.33%.

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