Today’s (Wednesday, July 3, 2024) three-month auction yielded 3.42% interest bearing promissory notes (duration of 13 weeks), worth 500 million euros.
A total of 1.098 billion euros were presented, which exceeded the requested amount by 2.20 times.
Offers up to the auctioned amount (500 million) were accepted, as well as non-competitive offers of 100 million euros. In other words, 600 million euros were withdrawn.
812.5 million were raised at 3.67% interest in the previous auction
It should be recalled that during the previous auction of three-month interest-bearing notes, on April 30, 2024, 812.5 million were raised at an interest rate of 3.67%.
The auction was conducted through Primary Dealers and the settlement date is Friday, July 5, 2024.
Perceived by INSTRUCTIONS that no additional non-competitive bids will be accepted on Thursday, July 4, 2024, and no commission will be paid during the auctions.