News Release
Bank of England Euro Bills: Result of Auction on 11 December 2001
11 December 2001
The Euro Bills on offer have been allotted in full. Details of the result are as follows:
| 1-month Bank of England Euro Bills due 17 January 2002 |
3-month Bank of England Euro Bills due 14 March 2002 |
6-month Bank of England Euro Bills due 13 June 2002 |
|
| Amount of Bills on offer |
Euro 200.0 mn | Euro 500.0 mn | Euro 300.0 mn |
| Amount applied for |
Euro 1,577.0 mn | Euro 2,530.0 mn | Euro 1,923.0 mn |
| Amount allotted to bidders |
Euro 199.6 mn | Euro 500.0 mn | Euro 299.7 mn |
| Lowest yield accepted |
3.230% | 3.180% | 3.100% |
| Highest yield accepted |
3.270% | 3.190% | 3.120% |
| Average yield on Bills allotted to bidders |
3.262% | 3.185% | 3.112% |
| Pro-rata per cent at highest yield accepted |
52.973% | 100.000% | 45.349% |
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 adjustment set out on page 5 of the Bank of England Euro Bill Information Memorandum of 6 April 1999, as supplemented).
As announced in the auction notice dated 4 December 2001 an additional Euro 50 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 is due to be held on Tuesday, 15 January 2002. Details of the amounts and maturities of Bills to be offered at that auction will be announced at 2.30 p.m. London time on Tuesday, 8 January 2002.
Key Resources
 |
Information Memorandum Download PDF |
