TABLE-Germany sells 1.986 billion euros of new 12-month Bubill

August 22 (Reuters) – The German Finance Agency, the federal government’s debt management office, sold 1.986 billion euros of its new 12-month Bubill at the lowest price of 99.272, the Bundesbank said on Monday.

The bills (ISIN:DE0001030872) are due to mature on August 23, 2023. The settlement date is August 24. Results of August 15 sale included for reference:

AUCTION DATE 22/08/22 15/08/22

AVG. YIELD 0.724 % 0.235 %

AVG. ACCEPTED PRICE 99.273 99.877

LOWEST ACCEPTED PRICE 99.272 99.877

TAIL 0.001 0

TOTAL BIDS 8.161 bln euros 7.259 bln euros

ALLOTTED 1.986 bln euros 2.464 bln euros

RETAINED 1.014 bln euros 0.536 bln euros

BID COVER RATIO 4.1 2.9

TOTAL VOLUME 3.0 bln euros 9.0 bln euros

Auction details in German can be found at. (Berlin newsroom; Tel: +49 30 2888 5142; Email: berlin.newsroom@tr.com)

Keywords: GERMANY BUBILL/