© Reuters. Germany places fifteen-year debt at an average interest rate of -0.06%
Frankfurt (Germany), Nov 24 (.) .- Germany placed 980 million euros in 15-year bonds on the market today at an average interest rate of -0.06% (0.02% in the similar issuance of September).
The Bundesbank reported today that investors offered 1.08 billion euros, so the coverage ratio, the relationship between supply and demand, was 1.1.
The debt, which has a coupon of 0%, expires on May 15, 2036, added the Bundesbank, which executes the operation.
The German State, through the “Finanzagentur des Bundes” (similar to the Treasury), has reserved 1,020 million euros to place them in the secondary market, where it hopes to achieve better conditions, so the volume of issuance has been 2,000 millions of euros.
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