The auction held on July 10, 2023, by the German Federal Finance Agency for the Unsinkable Treasury Notes of the Federal Republic of Germany (“Bubills”), issued in January 2023 with a maturity of 12 months and due on January 17, 2024, with a remaining term of 6 months (189 interest days), ISIN DE000BU0E014, yielded the following results:
Total Bids: €5,527.00 million Including: Bids at Specified Price: €3,152.00 million Bids without Specified Price: €2,375.00 million Allocation: €4,527.00 million
- Lowest Accepted Price: 98.12860%
- Weighted Average Price: 98.13106%
- Average Yield: 3.6277%
- Allocation:
- Bids at the Lowest Accepted Price: 100%
- Bids without Specified Price: 100% Cover Ratio: 1.2 Market Retention Amount: €473.00 million (Government-held securities) 1) Additional Amount: €5,000.00 million Previous Issuance Volume: €13,000.00 million Total Volume of the Issuance: €18,000.00 million
- The Market Retention Amount refers to government-held securities that were not included in the auction and retained by the Federal Finance Agency.