FRANKFURT (MNI) – The German federal government will auction about
E7 billion in the initial sale of its September 2012 two-year notes
(Schatzanweisungen) on August 11, the Bundesbank confirmed Tuesday.
The formal tender offer will be made on Tuesday, August 10, at
which time the coupon for the new issue will be announced. Bids are due
by 0900 GMT the following day, with results of the allocation to be
announced shortly thereafter.
The new tranche will settle on Friday, August 13. The issue matures
on September 14, 2012.
The federal government plans to top up this security once in 3Q, by
E6 billion on September 8.
— Frankfurt Newsroom, +49 69 72 01 42. Email: frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
