Bloomberg News

Schaeuble Says Weak Bond Sale Was Caused by Low Interest Offered

November 27, 2011

Nov. 27 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble said a sale of bunds on Nov. 23 that failed to get enough bids for 6 billion euros on offer should not be overplayed.

The result is no “surprise” in view that interest offered on the bond was less than the current rate of inflation, said Schaeuble today in an interview broadcast by ARD Television.

To contact the editor responsible for this story: Brian Parkin at bparkin@bloomberg.net


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