News Release
Bank of England Euro Bills and UK Government Euro Treasury Bills: Result of Auction on 13 July 1999
13 July 1999
The Euro Bills on offer have been allotted in full. Details of the result are as follows:
| 1-month UK Government Euro Treasury Bills due 12 August 1999 | 3-month Bank of England Treasury Bills due 14 October 1999 | 6-month Bank of England Euro Bills due 13 January 2000 | |
| ISIN Number | GB0005310940 | X50096574362 | X50099696758 |
| Amount of Bills on offer | E 200.0 mn | E 500.0 mn | E 300.0 mn |
| Amount applied for | E 1,298.0 mn | E 1,975.0 mn | E 1,362.0 mn |
| Amount allotted to bidders | E 199.9 mn | E 500.0 mn | E 299.7 mn |
| Lowest yield accepted | 2.360% | 2.380% | 2.440% |
| Highest yield accepted | 2.370% | 2.380% | 2.500% |
| Average yield on Bills allotted to bidders | 2.370% | 2.380% | 2.481% |
| Pro-rata percent at hightest yield accepted | 77.55% | 100.00% | 26.93% |
At each maturity, bids which have been accepted and which were made at yields below the highest accepted yield have been allotted in full at the yields bid. Bids made at the highest accepted yield have been allotted on the basis of the relevant pro-rata percentage indicated above applied to the nominal amount of Bills bid for (subject to the rounding adjustments set out on page 5 of the Bank of England Euro Bill Information Memorandum of 6 April 1999 and on page 6 of the Euro Treasury Bill Information Memorandum of 7 July 1998).
As announced in the auction notice dated 6 July 1999 an additional E50 mn of 6-month Bank of England Euro Bills has been allotted directly to the Bank of England. These Bills may be made available through sale and repurchase transactions to the market makers listed in the Bank of England Euro Bill Information Memorandum in order to facilitate settlement.
The next auction for Bank of England Euro Bills and UK Government Euro Treasury Bills is due to be held on Tuesday, 10 August 1999. Details of the amounts and maturities of Bills to be offered at that auction will be announced at 2.30 pm London time on Tuesday, 3 August 1999.
