The average weighted yield on the government securities came in at 4.10%, higher than 3.44% achieved at the previous auction of five-year T-notes held in February 2023, the central bank said in a data release.
The government securities will mature on February 20, 2029.
Details follow:
Auction date | Feb 16 ‘24 | Feb 24 ‘23 |
Amount offered (mln euro) | 20 | 25 |
Amount sold (mln euro) | 10.4 | 25 |
Total bids placed (mln euro) | 18.5 | 30.55 |
Bid-to-cover ratio | 1.77 | 1.22 |
Average weighted yield | 4.10% | 3.44% |
Coupon rate | 4.10% | 3.40% |
($ = 0.926 euro)