The government was seeking EUR 10m with each of the three issues and ended up accepting EUR 43.8m out of EUR 50.9m worth of offers for the 12-month bills with an interest rate of 2.95%.

Demand for the six-month bills reached EUR 23.6m and EUR 20.6m were accepted at a yield of 1.44%, while offers for the three-month bills reached EUR 15.5m, of which EUR 10m were picked at 0.39% interest.

The interest rates are comparable to those from the September t-bills issue, when they were the same for the 12-month bills, at 1.45% for the six-month and at 0.49% for the three-month bills.