Greece sells 6-month T-bills, at lower 0.15pc yield

Fawad Maqsood July 31, 2019

ATHENS: Greece sold 813 million euros ($906.17 million) of six-month treasury bills to refinance a maturing issue, the country’s debt agency PDMA said on Wednesday.

The debt agency sold the new paper at a yield of 0.15%, down 8 basis point from 0.23% in a previous sale in July. The amount raised included 187.5 million euros in non-competitive bids.

The sale’s bid-to-cover ratio was 2.51 up from 1.61 in the previous auction. Settlement date is August 2.

Copyright Reuters, 2019

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