By Emese Bartha
FRANKFURT--The German federal government has called for bids in its
coming auction of five-year federal notes, or Bobl, the Deutsche
Bundesbank said Tuesday.
The series on offer is a reopening of an issue, first auctioned May 9.
The following are details of the coming auction:
Date of auction Aug. 1, 2012
Issue five-year bobl
Coupon 0.50%
Maturity April 7, 2017
Amount on offer EUR4 bln
Average yield at
previous auction 0.52%
Settlement date Aug. 3, 2012
The scheduled auction volume includes a tranche to be initially
retained by the German Finance Agency for market-tending purposes.
The German Finance Agency manages the country's federal debt, while
the Deutsche Bundesbank is responsible for conducting the debt
auctions.
Write to Emese Bartha at emese.bartha@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
July 31, 2012 04:35 ET (08:35 GMT)
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