During the auction of EUR 1,250 mln of 13W T-Bills conducted today, the total bids reached EUR 2,564 mln and the amount finally accepted was EUR 1,625 mln.
On top of that, Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until January 16, 2014 (12 p.m local time)
Settlement date is January 17, 2014. The results of the auction are as follows:
AUCTION RESULTS
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A U C T I O N
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Today
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Previous
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13W T – BILLS
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January 14, 2014 (amounts in mln euro)
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December 17, 2013 (amounts in mln euro)
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1.- Amount Auctioned
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1,250
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1,000
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2.- Total amount offered
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2,564
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1,924
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3.- Coverage ratio
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2.05
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1.92
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4.- Amount Accepted
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1,625
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1,300
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5.- Uniform yield
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3.75%
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3.90%
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6.- Cut-off price
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99.020
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99.025
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7.- Cut – off ratio
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72.23%
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78.62%
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