Contenido

Results of the 12 month Letras auction

Auction date : June 16th 2009

Maturity date : June 18th 2010                           

                                                                                      Amounts in Euro million

12 MONTH LETRAS
Settlement date	19-Jun-09
Nominal bid amount	8,486.68
Nominal allotted amount	3,896.63
Nominal allotted amount (2nd round)	315.83
Stop-out price	98.930
Stop-out rate	1.070
Weighted average price	98.952
Weighted average rate	1.048
Amount alloted at stop-out price	300.00
1st price not allotted	98.926
Amount bid at that price (nominal)	300.00
Non-competitive bids (nominal)	390.12
Effective bid amount	8,394.43
Effective allotted amount	3,855.51
Effective allotted amount (2nd round)	312.45
Pro-rata percentage
Cover ratio	2.18
Previous stop-out rate	0.950