FRANKFURT (MNI) – The German federal government will auction about
E6 billion in a top-up of its 0.75%-coupon September 2012 two-year notes
(Schatzanweisungen) on September 8, the Bundesbank confirmed Tuesday.
The formal tender offer will be made on Tuesday, September 7. Bids
are due by 0900 GMT the next day, September 8, with results of the
allocation to be announced shortly thereafter.
The new tranche will settle on Friday, September 10. The issue
matures on September 14, 2012. Next week’s auction will bring total
volume of this security to E13 billion.
–Frankfurt Newsroom +49 69 72 01 42: email: frankfurt@marketnews.com–
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
