News Release
UK Government ECU Treasury Bills: Result of Tender on 12 May 1998
12 May 1998
The ECU 1,000 mn of Bills on offer have been allotted in full.
Details of the result are as follows:
| 1-month Bills due 11 June 1998 |
3-month Bills due 13 August 1998 |
6-month Bills due 12 November 1998 |
|
| Amount of Bills on offer |
ECU 200.0 mn | ECU 500.0 mn | ECU 300.0 mn |
| Amount applied for |
ECU 1,192.0 mn | ECU 1,655.0 mn | ECU 1,195.0 mn |
| Amount allotted to tenderers |
ECU 199.7 mn | ECU 499.5 mn | ECU 299.6 mn |
| Lowest yield accepted |
3.98% | 3.95% | 3.95% |
| Highest yield accepted |
3.99% | 4.00% | 3.98% |
| Average yield on Bills allotted to tenderers |
3.99% | 3.98% | 3.97% |
| Pro-rata per cent at highest yield accepted |
83.33% | 3.53% | 65.38% |
As announced in the tender notice dated 5 May 1998 an additional ECU 50 mn of 6-month Bills has been allotted directly to the Bank of England for the account of the Exchange Equalisation Account. These Bills may be made available through sale and repurchase transactions to the market makers listed in the Information Memorandum (as supplemented) in order to facilitate settlement.
The next tender for UK Government ECU Treasury Bills is to be held on Tuesday, 9 June 1998. Details of the amounts and maturities of Bills to be offered at that tender will be announced at 2.30 pm London time on Tuesday, 2 June 1998.
Key Resources
 |
Tender Notice Download PDF |
