• SPAIN T-BILL AUCTION RESULTS:

Market news

12 February 2013

SPAIN T-BILL AUCTION RESULTS:

Sold E5.57bln vs target E1.5-E2.5bln 

- E2.547bln 6-month Letra; bid-to-cover 2.88 vs 3.85 prev 

- E3.024bln 12-month Letra; bid-to-cover 1.98 vs 2.46 prev

Sold 6-month Letra at avg yield 0.859% (0.888%); Tail 2.1bps (3.2bps) 

Sold 12-month Letra at avg yield 1.548% (1.472%); Tail 3.2bps (4.8bps)


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