Bloomberg News

Hungary Sells Planned Amount of Debt as Borrowing Costs Decline

January 24, 2012

Jan. 24 (Bloomberg) -- Hungary sold a planned 45 billion forint in three-month Treasury bills at an auction today as financing costs fell.

The average yield was 7.65 percent compared with 7.84 percent at the last sale of that maturity a week ago. Investors bid for 89.5 billion forint in debt, from 173 billion on Jan. 17.

To contact the editor responsible for this story: Andras Gergely at agergely@bloomberg.net


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