T-bill auction opens to small investors

The government is offering small private investors another chance to enter an interest-bearing bond auction, in the context of Wednesday's six-month treasury bill issue.

As with the 52-week T-bills at the beginning of the month, any individual who wishes to purchase the new 26-week debt can do so through a public registration at any bank or brokerage firm, with a maximum nominal amount for each individual at 15,000 euros.

A necessary condition for the purchase of the bills is their registration with the securities system (SAT). The registration period started on Tuesday and will end on Thursday.

The amount of the issue is €625 million and as usual Wednesday's auction will take place with competitive offers from the main traders, while based on their operating regulations, the possibility of submitting non-competitive offers is provided both on the day of the...

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