Aug 23 (Reuters) - German Finance Agency, the federal government's debt management office, sold 3.56 billion euros of its new 12-month Bubill at the highest yield of 0.5020 percent, the Bundesbank said on Monday.
The bills (ISIN:DE0001115681) are due to mature on Aug 24, 2011. The settlement date is Aug 25. Results of Aug 16 sale included for reference: AUCTION DATE 23/08/10 16/08/10 AVG. YIELD 0.4995 pct 0.4968 pct AVG. ACCEPTED PRICE 99.49749 99.62467 HIGHEST ACCEPTED YIELD 0.5020 pct 0.5000 pct TOTAL BIDS 8.47 bln euros 5.61 bln euros ALLOTTED 3.56 bln euros 1.785 bln euros RETAINED 0.44 bln euros 0.215 bln euros BID COVER RATIO 2.4 3.1 TOTAL VOLUME 4.0 bln euros 6.0 bln euros
Auction details in German can be found at <ESZB/BBK01>.