Out of a targeted Eur 4.5-5.5 bln

Sold Eur 2.94 bln of 12 mth Feb 15 2013 Letra, yield 1.899% (vs 2.049%), cover 2.3 (vs 3.5)

Sold Eur 2.5 bln of 18 mth Aug 23 2013 Letra, yield 2.308 % (vs 2.399%), cover 2.9 (vs 3.2)

Strong take up and improved yields

EUR’s sitting firmly around 1.3170