During the auction of EUR 875 mln of 13W 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 May 12, 2016 (12 p.m local time).

Settlement date is May 13, 2016.  The results of the auction are as follows:

 

 

AUCTION   RESULTS

 

A U C T I O N

Today

Previous

13W T – BILLS

May 11, 2016

 (amounts in mln euro)

April 13, 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

2.70%

2.70%

6.- Cut-off  price

99.322

99.322

7.- Cut – off ratio

100%

100%