During the auction of EUR 1,250 mln of 13W T-Bills conducted today, the total bids reached EUR 2,375 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 October 18, 2012 (12 p.m   local time)

Settlement date is October 19, 2012.  The results of the auction are as follows:

 

 

AUCTION   RESULTS

 

A U C T I O N

Today

Previous

13W T – BILLS

October 16, 2012 (amounts in mln euro)

September 18, 2012 (amounts in mln euro)

1.- Amount Auctioned

1,250

1,000

2.- Total amount offered

2,375

1,980

3.- Coverage ratio

1.90

1.98

4.- Amount Accepted

1,625

1,300

5.- Uniform yield

4.24%

4.31%

6.- Cut-off  price

98.939

98.922

7.- Cut – off ratio

100%

100%