By Laura Contemori – ROME (Econostream) – Germany’s Finance Agency (Finanzagentur) on Monday allotted €3.177 billion across two treasury discount bills (Bubills).

The agency sold €1.527 billion of the reopened Bubill due November 18, 2026 and €1.650 billion of the reopened Bubill due May 12, 2027.

Demand for the November 2026 Bubill totaled €2.477 billion, resulting in a bid-to-cover ratio of 1.6. The bill was allotted at a weighted average yield of 2.366%, with the highest accepted yield at 2.369%. The average price was 98.95295.

The May 2027 Bubill attracted €3.970 billion of bids, corresponding to a bid-to-cover ratio of 2.4. It was allotted at a weighted average yield of 2.563%, while the highest accepted yield was 2.565%. The average price was 97.66375.

The retention quota amounted to €473 million for the November 2026 line and €350 million for the May 2027 line.

The operation increased the outstanding amount of the November 2026 Bubill to €10.5 billion from €8.5 billion and the May 2027 Bubill to €5.0 billion from €3.0 billion.

Settlement for both lines was scheduled for June 10, 2026.