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Hungary Sells Planned Amount of 3-Month Bills as Yields Fall

Sept. 27 (Bloomberg) -- Hungary today sold a planned 30 billion forint ($141 million) of 3-month treasury bills as borrowing costs fell.

The average yield was 5.91 percent, compared with 5.94 percent a week ago. Investors bid for 145 billion forint, up from 101.8 billion at the last sale, according to auction results from the Debt Management Agency on Bloomberg.

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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