During the auction of EUR 1,000 mln of 26W T-Bills conducted today, the total bids reached EUR 1,600 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 April 11, 2013 (12 p.m local time).
Settlement date is April 12, 2013. The results of the auction are as follows:
AUCTION RESULTS
|
A U C T I O N
|
Today
|
Previous
|
|
26W T – BILLS
|
April 9, 2013
(amounts in mln euro)
|
March 5, 2013
(amounts in mln euro)
|
|
1.-Amount Auctioned
|
1,000
|
875
|
|
2.-Total amount offered
|
1,600
|
1,438
|
|
3.-Coverage ratio
|
1.60
|
1.64
|
|
4.-Amount Accepted
|
1,300
|
1,137.5
|
|
5.- Uniform yield
|
4.25%
|
4.25%
|
|
6.- Cut-off price
|
97.897
|
97.896
|
|
7.- Cut – off ratio
|
100.00%
|
100.00%
|