Portogallo colloca 1 mld titoli a breve, salgono bid to cover

mercoledì 6 ottobre 2010 12:10
 

 LISBON, Oct 6 (Reuters) - Portugal sold 1 billion euros in
two treasury bill issues on Wednesday, matching the initially
indicated offer, with yields dropping on the longer maturity and
rising on the shorter T-bill amid strong demand. 
 Following are the details of the auctions:  
 
 12-MO AUG 2011 T-Bill: 
                                            (Previous) 
 Auction date:              06/10/10             15/09/10     
 Maturity                   23/09/11             23/09/11     
 Settlement date:           08/10/10             17/09/10    
 Avg. yield (pct)            3.333                3.369   
 Avg price (pct)            96.861               96.645    
 Highest yield (pct)         3.390                3.450     
 Lowest yield (pct)          3.240                3.250   
 Tail                        0.057                0.081    
 Total bids                  1.401 bln            1.187 bln   
 Allotment                   500 mln              750 mln    
 Bid-to-cover ratio          2.8                  1.6   
 Outstanding after auction   1.368 bln            867.5 mln  
 
 3-MO JAN 2011 T-Bill: 
                                            (Previous) 
 Auction date:              06/10/10             18/08/10     
 Maturity                   21/01/11             19/11/10     
 Settlement date:           08/10/10             20/08/10    
 Avg. yield (pct)            1.595                0.994   
 Avg price (pct)            99.537               99.749    
 Highest yield (pct)         1.630                1.089     
 Lowest yield (pct)          1.550                0.950  
 Tail                        0.035                0.095    
 Total bids                  1.475 bln            1.975 bln   
 Allotment                   500 mln              775 mln    
 Bid-to-cover ratio          3.0                  2.5   
 Outstanding after auction   3.353 bln            3.919 bln 
 
 For more information about the auction please click on
IGCP15. 
 (Reporting by Andrei Khalip)