During the auction of EUR 1,250 mln of 26W T-Bills conducted today, the total bids reached EUR 2,534 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 December 7, 2017 (12 p.m local time).
Settlement date is December 8, 2017. The results of the auction are as follows:
AUCTION RESULTS
|
A U C T I O N
|
Today
|
Previous
|
|
26W T – BILLS
|
December 6, 2017
(amounts in mln euro)
|
November 1, 2017
(amounts in mln euro)
|
|
1.Amount Auctioned
|
1,250
|
875
|
|
2.Total amount offered
|
2,534
|
1,523
|
|
3.Coverage ratio
|
2.03
|
1.74
|
|
4.Amount Accepted
|
1,625
|
1,137.5
|
|
5. Uniform yield
|
1.95%
|
2.30%
|
|
6. Cut-off price
|
99.025
|
98.850
|
|
7. Cut – off ratio
|
70%
|
50%
|