FRANKFURT (MNI) – The German federal government will auction about
E5 billion in a top-up of its 1.5%-coupon March 2013 two-year notes
(Schatzanweisungen) on April 6, the Bundesbank confirmed Tuesday.
The formal tender offer will be made on Tuesday, April 5. Bids are
due by 0900 GMT the next day, April 6, with results of the allocation to
be announced shortly thereafter.
The new tranche will settle on Friday, April 8. The issue matures
on March 15, 2013. Next week’s auction will bring total volume of this
security to E18 billion.
–Frankfurt Newsroom +49 69 72 01 42: email: frankfurt@marketnews.com–
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
