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323 Poland / Pologne .................................................................................................................... 333 Portugal ................................................................................................................................... 353 Slovak Republic / République slovaque ............................................................................ 367 Spain / Espagne .....................................................................................................................

Techniques de vente a) Procédures d’adjudication : obligations d’État, libellées en euros. i) Obligations d’État, libellées en euros DETTE DE L'ADMINISTRATION CENTRALE : ANNUAIRE STATISTIQUE 1993-2002 – ISBN 92-64-01572-8 – © OECD 2004 57 AUSTRIA À partir de janvier 1989, des obligations d’État ont été émises par adjudication en fonction des prix de soumission. Ce système a été remplacé en avril 1990 par une adjudication en fonction des rendements, avec une partie de l’émission en souscription garantie.

1 Savings bonds None. 2 Other Data include loans and private placements in domestic and foreign currencies. 3. Selling techniques a) Auction procedures: i) Government bonds (denominated in Euro) Starting in January 1989, government bonds were issued using a price auction system which was replaced in April 1990 by a yield auction with an “underwritten portion”. Approximately half of the volume to be issued in one year was underwritten by a DETTE DE L'ADMINISTRATION CENTRALE : ANNUAIRE STATISTIQUE 1993-2002 – ISBN 92-64-01572-8 – © OECD 2004 53 AUSTRIA syndicate.

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