FRANKFURT (MNI) – The German federal government will auction about
E6 billion in a top-up of its 0.50%-coupon June 2012 two-year notes
(Schatzanweisungen) on June 30, the Bundesbank confirmed Tuesday.
The formal tender offer will be made on Tuesday, June 29. Bids are
due by 0900 GMT the next day, June 30, with results of the allocation to
be announced shortly thereafter.
The new tranche will settle on Friday, July 2. The issue matures on
June 15, 2012. Next week’s auction will bring total volume of this
security to E19 billion.
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