Public Debt Management Agency raises 1.3 billion euros through one-year bond

The Public Debt Management Agency today raised 1.3 billion euros from the issuance of one-year interest-bearing bills of the State, with the yield increasing and passing into positive territory. The yield was 0.83% from -0.23% in the previous March issue. The amount includes non-competitive bids of € 300 million. The coverage ratio stood at 1.48, up from 1.38 in the previous auction. Settlement date is June 10th.