The ODDIH will proceed with the auction of 52-week interest-bearing bills on Wednesday, amounting to 625 million euros.
The settlement date will be Friday 11 March 2022 (T + 2).
Interest rates are calculated on an ACT / 360 basis.
The auction will be done with competitive bids from the Main Market Negotiators in HDAT, according to the procedure provided by their Rules of Operation.
Also, according to the Rules of the Main Traders, the possibility of submitting non-competitive bids is provided, both on the day of the auction, and during the period of one (1) working day after its end, and until 12.00 pm.
The non-competitive bids will be satisfied at the price of the last bid accepted at the auction (cut-off price) up to a total of 30% of the auctioned amount for each of the above two cases.
No commission will be given for the promissory notes.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
