Frankfurt (Germany), June 10 (EFECOM).- Germany has placed 3,077 million euros in three- and nine-month bonds at an average yield of 3.564% and 3.453%, respectively, compared to 3.649% and 3.448% in the similar auction. held at the end of April.
As reported this Monday by the Bundesbank, Germany’s central bank, 1,231 million in three-month bonds have been placed with an average interest of 3.564%, lower than the previous auction.
In this case, investors offered 2,456 million, so the demand for these bonds, called Bubills and which mature on September 18, 2024, has doubled the supply.
Along with this debt, 1,846 million in nine-month bonds have also been placed at an average interest of 3.453%, which means exceeding that achieved in the previous auction, after investors offered 4,206 million, so the demand was 2.3 times higher than the offer.
In this case, these are bonds that expire on March 19, 2025 and are part of an issue from three months ago.
The German State, through the Finanzagentur des Bundes – an entity similar to the Spanish Treasury – has maintained 769 million of the three-month bonds and 154 million of the nine-month debt to place them in the secondary market, where it hopes to obtain a higher profitability.
Therefore, the total volume of the issue has been 2,000 million in both cases. EFECOM
mnc/sgb
