FRANKFURT (MNI) – The German federal government sold E5.0 billion
in new 1.25%-coupon Series 161 five-year Bundesobligationen (Bobls) at
an average yield of 1.22%, the Bundesbank announced Wednesday.
The bid-cover ratio, excluding retention, was 1.0, down from the
1.1 b/c at the previous Bobl auction in late June.
There were a total of E5.115 billion in bids for the auction,
including E2.435 billion in competitive bids and E2.68 billion in
non-competitive bids. The German government accepted 100% of the
non-competitive bids.
The lowest accepted price at the auction was 100.08, and the
average weighted price was 100.15. The Bundesbank accepted 100% of bids
at the minimum price.
At Wednesday’s auction, the government retained E1.0 billion of the
issue for its open market operations, bringing the total tranche volume
to E6.0 billion, as previously announced. The sale will settle on
Friday, September 30. The S.161 5-year notes will mature on October 14,
2016.
–Frankfurt Newsroom +49 69 72 01 42: email: frankfurt@marketnews.com–
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
