News Release
Bank of England Euro Bills: Result of Auction on 10 January
2006
10 January 2006
The Euro Bills on offer have been allotted in full. Details of the result are as follows:
|
6-month Bank of England Euro Bills due 13 July 2006 |
|
| Amount of Bills on offer | €600.0 mn | €300.0 mn |
| Amount applied for | €3,025.0 mn | €1,975.0 mn |
| Amount allotted to bidders | €599.9 mn | €299.8 mn |
| Lowest yield accepted | 2.394 % | 2.520 % |
| Highest yield accepted | 2.400 % | 2.530 % |
| Average yield on Bills allotted to bidders | 2.399 % | 2.528 % |
| Pro-rata per cent at highest yield accepted | 83.333 % | 64.516 % |
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 4 of the Bank of England Euro Bill Information Memorandum
of 6 January 2004).
As announced in the auction notice dated 3 January 2006 an additional
€50 mn nominal of 6 month Bank of England Euro Bills have
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
Key Resources
 |
Auction Notice, 3 January 2006 |
|
Bank of England Euro Bill Information
Memorandum |
