During the auction of EUR 1,000 mln of 13W T-Bills conducted today, the total bids reached EUR 1,866 mln and the amount finally accepted was EUR 1,300 mln.
On top of that, Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until August 14, 2013 (12 p.m local time)
Settlement date is August 16, 2013. The results of the auction are as follows:
AUCTION RESULTS
|
A U C T I O N
|
Today
|
Previous
|
|
13W T – BILLS
|
August 13, 2013
(amounts in mln euro)
|
July 16, 2013
(amounts in mln euro)
|
|
1.- Amount Auctioned
|
1,000
|
1,250
|
|
2.- Total amount offered
|
1,866
|
2,125
|
|
3.- Coverage ratio
|
1.87
|
1.70
|
|
4.- Amount Accepted
|
1,300
|
1,625
|
|
5.- Uniform yield
|
4.02%
|
4.02%
|
|
6.- Cut-off price
|
98.995
|
98.994
|
|
7.- Cut – off ratio
|
74.00%
|
100%
|