Hungary raises offer of 12-month T-bills on strong demand.

By bne IntelliNews January 18, 2013
Hungary's state debt manager AKK sold HUF 60bn (EUR 205.3mn) in 12-month treasury bills at an auction on January 17, rising the initial offer by HUF 10bn, AKK informed. Investors bids totalled HUF 125bn, up from HUF 81.7bn at the previous auction a week earlier, when AKK sold the announced volume of HUF 50bn. The average yield at the latest auction reached 5.33%, or by 3bps over the yield at the previous tender but 5bps under the secondary benchmark fixing. The range of yields narrowed and varied between 5.29% and 5.37%.
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