Germany sells 2.73bn euros

BERLIN:Germany sold 2.73 billion euros worth of a new 12-month bubill in an auction on Monday, attracting less demand than in a previous sale in February and an average yield of 0.077 percent.

The bid to cover ratio stood at 1.4 percent versus 1.9 percent for an auction on Feb. 27, Bundesbank data showed.

"At the third auction of a 12-month Bubill this year,Germanyachieved a solid result," a spokesman for the German debt agency said.

The bubill is due to mature onMarch 27 2013. The settlement date is March 28.