Primary dealers bid for HUF 71.05 bln of the papers.

Average yield was 1.00%, 20 bps over the three-month secondary benchmark.

The liquidity discount T-bills are designed to manage the central governmentʼs short-term liquidity needs, and, accordingly, are auctioned on a case-by-case basis.

The bills expire on December 30, after the big year-end tax payment deadlines but before year-end thus providing liquidity without raising year-end government debt.

ÁKK tends to keep year-end issues low and repayments high to keep the year-end gross state debt ratio on a falling trend.