During the auction of EUR 1,000 mln of 13W T-Bills conducted today, the total bids reached EUR 1,410 mln and the amount finally accepted was EUR 1,300 mln.

On top of that, Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until September 7, 2017 (12 p.m local time).

Settlement date is September 8, 2017.  The results of the auction are as follows:

 

 

                                                                         AUCTION   RESULTS

 

A U C T I O N

Today

Previous

13W T – BILLS

September 6, 2017

(amounts in mln euro)

August 9, 2017

 (amounts in mln euro)

1.Amount Auctioned

1,000

875

2.Total amount offered

1,410

1,901

3.Coverage ratio

1.41

2.17

4.Amount Accepted

1,300

1,137.5

5. Uniform yield

1.91%

1.95%

6. Cut-off  price

99.520

99.509

7. Cut – off ratio

8%

54%