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The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.5 billion is envisaged.
Time schedule of the auction procedure:
Date of invitation to bid: Monday, 19 April 2021
Bidding period: Tuesday, 20 April 2021, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 22 April 2021
The result of the auction of 13 April 2021 for the 12-months Bills of the ESM was as follows:
Total Bids: €6,123.00mn
Competitive bids €693.00mn
Non-competitive bids €5,430.00mn
Allotment / Issue volume €1,100.00mn
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