During the auction of EUR 625 mln of 52W T-Bills conducted today, the total bids reached EUR 1,130 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 December 12, 2019 (12 p.m local time).

Settlement date is December 13, 2019.  The results of the auction are as follows:

AUCTION   RESULTS

A U C T I O N

Today

Previous

52W T – BILLS

December 11, 2019

 (amounts in mln euro)

September 11, 2019

 (amounts in mln euro)

1.Amount Auctioned

625

625

2.Total amount offered

1,130

996

3.Coverage ratio

1.81

1.59

4.Amount Accepted

812.5

812.5

5. Uniform yield

0.07%

0.29%

6. Cut-off  price

99.930

99.705

7. Cut – off ratio

72%

36%