During the auction of EUR 875 mln of 26W T-Bills conducted today, the total bids reached EUR 1,138 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 September 1, 2016 (12 p.m local time).

Settlement date is September 2, 2016.  The results of the auction are as follows:

 

 

                                                                       AUCTION   RESULTS

 

A U C T I O N

Today

Previous

26W T – BILLS

August 31, 2016

 (amounts in mln euro)

August 3, 2016

 (amounts in mln euro)

1.Amount Auctioned

875

625

2.Total amount offered

1,138

813

3.Coverage ratio

1.30

1.30

4.Amount Accepted

1,137.5

812.5

5. Uniform yield

2.97%

2.97%

6. Cut-off  price

98.521

98.521

7. Cut – off ratio

100%

100%