MADRID, Aug 24 (Reuters) - Spain announced the following results at Tuesday's Treasury bill auction BANCS.
(Amounts bid, allocated in millions of euros) ISSUE YIELD PRVS PRICE PRVS ALLOCATED BID 3-month 0.629 0.672 99.849 99.844 2,700 5,929 6-month 1.037 1.144 99.488 99.447 1,309 5,104
The bid-to-cover ratio on the 6-month bill was 3.9 after reporting a ratio of 2.2 at the last auction on July 27.
The bid-to-cover ratio on the 3-month bill was 2.2 after reporting 5.7 previously. The Treasury had expected to place between 3.5 billion and 4.5 billion euros in 3 and 6 month bills.
For further information, click on TESORESP08 and BANCS. (Reporting by Sonya Dowsett; editing Nigel Davies)