Bloomberg News

Hungary Raises More Debt Than Planned at Auction as Costs Fall

February 02, 2012

Feb. 2 (Bloomberg) -- Hungary sold 50 billion forint of 12-month Treasury bills, 5 billion forint more than planned, at an auction today as financing costs declined.

The average yield was 7.85 percent compared with 8.19 percent at the last sale of the same maturity on Jan. 19, according to auction results on the state debt management agency’s Bloomberg page.

Total bids amounted to 98 billion forint from 45 billion forint at the previous auction, results showed.

To contact the editor responsible for this story: Edith Balazs at ebalazs1@bloomberg.net


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