Greece sells one-year T-bills at lower 0.47pc yield  

ATHENS: Greece sold 812.5 million euros ($919.99 million) of one-year treasury bills, its fourth such issue since it emerged from its last bailout in August last year, the country's debt agency PDMA said on Wednesday.

The debt agency sold the new paper at a yield of 0.47pc, down 48 basis points from 0.95pc in a previous sale in March.

The amount raised included 187.5 million euros in non-competitive bids.

The sale's bid-to-cover ratio was 2.27, up from 1.91 in the previous auction. Settlement date is on June 14.