Primary dealers bid for HUF 38.32 bln of the securities, expiring on January 24, 2018. 

The average yield was negative 0.05%, 1 bp under the secondary market benchmark but level with the yield at the previous auction of the bills one week earlier.   

This was the first time the ÁKK accepted oversubscription at a three-month bill auction since June 13.

This is the fourth auction the debt manager has held for bills expiring next year.