Bloomberg News

Hungary Sells More Debt Than Planned as Financing Costs Decline

February 07, 2012

Feb. 7 (Bloomberg) -- Hungary sold 55 billion forint, 10 billion forint more than planned, in three-month Treasury bills at an auction today as financing costs fell.

The average yield was 7.32 percent, compared with 7.41 percent at the last auction of that maturity on Jan. 31. Investors bid for 148 billion forint in debt, from 137 billion forint a week ago.

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

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


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