During the auction of EUR 625 mln of 13W T-Bills conducted today, the total bids reached EUR 1,038 mln and the amount finally accepted was EUR 812.5 mln.
On top of that, Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until September 6, 2018 (12 p.m local time).
Settlement date is September 7, 2018. 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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September 5, 2018
(amounts in mln euro)
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August 8, 2018
(amounts in mln euro)
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1.Amount Auctioned
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625
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625
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2.Total amount offered
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1,038
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1,070
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3.Coverage ratio
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1.66
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1.71
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4.Amount Accepted
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812.5
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812.5
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5. Uniform yield
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0.65%
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0.65%
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6. Cut-off price
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99.836
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99.836
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7. Cut – off ratio
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100%
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77%
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