During the auction of EUR 1,250 mln of 13W T-Bills conducted today, the total bids reached EUR 2,650 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 July 19, 2012 (12 p.m local time)
Settlement date is July 20, 2012. The results of the auction are as follows:
AUCTION RESULTS
|
A U C T I O N
|
Today
|
Previous
|
|
13W T – BILLS
|
July 17, 2012
(amounts in mln euro)
|
June 19, 2012
(amounts in mln euro)
|
|
1.- Amount Auctioned
|
1,250
|
1,000
|
|
2.- Total amount offered
|
2,650
|
2,188
|
|
3.- Coverage ratio
|
2.12
|
2.19
|
|
4.- Amount Accepted
|
1,625
|
1,300
|
|
5.- Uniform yield
|
4.28%
|
4.31%
|
|
6.- Cut-off price
|
98.930
|
98.922
|
|
7.- Cut – off ratio
|
100%
|
100%
|