ATHENS: Greece sold 1.3 billion euros ($1.46 billion) of three-month T-bills to refinance a maturing issue, the country's debt agency PDMA said on Wednesday.
The debt agency sold the new three-month paper at a yield of 2.70 percent, unchanged from a previous auction earlier this month. The amount raised included 300 million euros in non-competitive bids. The sale's bid-to-cover ratio was 1.30.
In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold.
Settlement will be on June 17.
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