Greece sells 6-month T-bills at lower 0.58pc yield

ATHENS: Greece sold 1.138 billion euros ($1.28 billion) of six-month T-bills on Wednesday to refinance a maturing issue, the country's debt agency PDMA said.

The agency rolled over the T-bills at a yield of 0.58 percent, 14 basis points lower from 0.72 percent in a previous sale in February. The amount raised included 262.5 million euros in non-competitive bids.

The sale's bid-to-cover ratio was 2.53, up from 2.03 in the previous auction. The settlement date of the new bills is on April 5.