BMO Management : 3-months Bills of the European Stability Mechanism (ESM) - Auction result

Press release

Frankfurt am Main 7 January 2020 Page 1 of 1

3-months Bills

of the European Stability Mechanism (ESM) - Auction result -

The result of the auction of 7 January 2020 for the

3-months Bills of the ESM

Maturity: 9 April 2020 (91 interest days)

ISIN: EU000A2SB9B8

Common Code: 209734079

was as follows:
Bids			€	9,804.00 mn
Competitive bids	€	2,265.00 mn
Non-competitive bids	€	7,539.00 mn
Allotment / Issue volume			€	2,499.24 mn
- Lowest accepted price		100.13200 %
- Weighted average price		100.13619 %
- Average yield		-0.5380	%
- Allotment
- for bids at the lowest accepted price		20	%
- for non-competitive bids		16	%
Cover ratio		3.9

Deutsche Bundesbank, Communications Department

Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany, Tel: [phone] or 3512, Fax: [phone] [e-mail], www.bundesbank.de

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