FRANKFURT (MNI) – The German federal government will auction about
E6 billion in a top-up of its 1%-coupon December 2012 two-year notes
(Schatzanweisungen) on January 19, the Bundesbank confirmed Tuesday.
The formal tender offer will be made on Tuesday, January 18. Bids
are due by 1000 GMT the next day, January 19, with results of the
allocation to be announced shortly thereafter.
The new tranche will settle on Friday, January 21. The issue
matures on December 14, 2012. Next week’s auction will bring total
volume of this security to E17 billion.
–Frankfurt Newsroom +49 69 72 01 42: email: frankfurt@marketnews.com–
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
