Bloomberg News

Hungary Sells Planned Amount of Treasury Bills as Costs Fall

October 11, 2011

Oct. 11 (Bloomberg) -- Hungary sold a planned 30 billion forint ($138 million) in three-month Treasury bills at an auction today as financing costs fell.

The average yield dropped to 6.03 percent compared with 6.04 percent a week ago, according to results from the Debt Management Agency published on Bloomberg.

Investors bid for 59 billion forint in debt, down from 80 billion forint at the last sale.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net


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