Frankfurt (Germany), 28 Feb. Germany placed €4,901.55 million today in a new two-year bond issue at an average yield of 3.14% (2.64% in the similar new auction before that expiry on 31 January).
The Bundesbank announced today that investors had offered 9,462 million euros, so the cover ratio, the ratio between supply and demand, was 1.9.
The bonds sold, which have a coupon of 2.50%, mature on March 13, 2025, the German central bank added.
The German state, through the “Finanzagentur des Bundes” (similar to the Treasury) has kept 1,098.45 million euros to place them on the secondary market, where it hopes to obtain better conditions, including the volume issue was 6,000 million euros. EFE
aia