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 AUCTION OF 26W T - BILLS

During the auction of EUR 875 mln of 26W T-Bills conducted today, the total bids reached EUR 2,298 mln and the amount finally accepted was EUR 1,137.5 mln.

On top of that, Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until March 8, 2012 (12 p.m local time).

Settlement date is March 9, 2012.  The results of the auction are as follows:

 

AUCTION   RESULTS

 

A U C T I O N

Today

Previous

26W T – BILLS

March 6, 2012

 (amounts in mln euro)

February 7, 2012

 (amounts in mln euro)

1.-Amount Auctioned

875

625

2.-Total amount offered

2,298

1,701

3.-Coverage ratio

2.63

2.72

4.-Amount Accepted

1,137.5

812.5

5.- Uniform yield

4.80%

4.86%

6.- Cut-off  price

97.630

97.601

7.- Cut – off ratio

100.00%

100.00%