- High Yield: The prior auction came in at 5.024% with a six-auction average of 5.085%.
- WI level at the time of auction was 5.085%
- Tail: 0.0 tail Tail last was at -0.4bps with a six-auction average of -0.1bps.
- Bid-to-Cover: 2.73X. The bid to cover was previously at 2.94x with a six-auction average of 3.13x.
- Dealers: 13.99%. The dealer participation was previously at 15.0% with a six-auction average of 16.7%.
- Directs: 20.99% . The level of Directs (domestic buyers) was previously at 20.0% with a six-auction average of 19.8%.
- Indirects: 65.02% The level of indirect (overseas buyers) was previously at 65.0% with a six-auction average of 63.5%.
The Auction Grade: B-
The bid to cover was less than the 6 month average. Directs and Indirects were a little better than the 6-month average.