Greece rolls over 3-month T-bills, at steady 0.99pc yield

ATHENS: Greece sold 1.138 billion euros ($1.41 billion) of three-month treasury bills to refinance a maturing issue at an unchanged yield compared to a previous sale last month, the country's debt agency PDMA said on Wednesday.

The debt agency sold the new paper at a yield of 0.99 percent. The amount raised included 263 million euros in non-competitive bids.

In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold.

The sale's bid-to-cover ratio was 1.55, down from 3.44 in the previous auction. Settlement date is Feb. 12.