The public debt management agency (ODDIH) has announced that in the auction of 1 billion euros worth of three-month Treasury bills conducted today, the total bids reached amount finally accepted was 1.3 billion euros.
Furthermore, ODDIH notes in its announcement that Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until noon on the 17th of March 2016.
The final settlement date is the 18th of March.
AUCTION RESULTS
| A U C T I O N | Today | Previous |
| 13W T – BILLS | March 16, 2016 (amounts in mln euro) | March 9, 2016 (amounts in mln euro) |
| 1.-Amount Auctioned | 1,000 | 1,000 |
| 2.-Total amount offered | 1,300 | 1,300 |
| 3.-Coverage ratio | 1.30 | 1.30 |
| 4.-Amount Accepted | 1,300 | 1,300 |
| 5.- Uniform yield | 2.70% | 2.70% |
| 6.- Cut-off price | 99.322 | 99.322 |
| 7.- Cut – off ratio | 100% | 100% |
