IGCP issues marginally above the top of the target range with E1.007bln sold (E0.75-1.00bln target).
Decent bid-to-covers for both issues sold today, in excess of 2.5x.
The allotment price was also high: for the 0.90% Oct-35 OT the allotment price of 73.67 was in excess of today's intraday high on the secondary market of 73.44. For the the 1.65% Jul-32 OT, the allotment price was higher than anything traded in the secondary market up to 45 minutes before the auction close.

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IGCP issues marginally above the top of the target range with E1.007bln sold (E0.75-1.00bln target).
Decent bid-to-covers for both issues sold today, in excess of 2.5x.
The allotment price was also high: for the 0.90% Oct-35 OT the allotment price of 73.67 was in excess of today's intraday high on the secondary market of 73.44. For the the 1.65% Jul-32 OT, the allotment price was higher than anything traded in the secondary market up to 45 minutes before the auction close.

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