1 IN. DI LETTURA
MADRID, 16 febbraio (Reuters) - Spain announced the following results at Tuesday's Treasury bill auction BANCS.
(Amounts bid, allocated in milliones of euros, results from previous auction in brackets) ISSUE YIELD PRICE BID ALLOCATED 12-mth 0.897 (0.858) 99.102 (99.14) 5,860 (8,305) 3,989 (4,500) 18-mth 1.250 98.134 4,754 2,588
The bid-to-cover ratio for the 12-month bill was 1.47, compared to 1.8 at the previous auction on Jan. 19.
The bid-to-cover ratio for the 18-month bill was 1.84.
It was the first 18-month bill auction for more than a year.
The Treasury had expected to place between 6 billion euros and 7 billion euros.
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