Business & Finance
Greece sells 3-month T-bills at negative yield
The amount raised included 112.5 million euros in non-competitive bids.
The debt agency sold the new paper at
- The amount raised included 112.5 million euros in non-competitive bids.
- The debt agency sold the new paper at a yield of -0.02pc, down from 0.095pc, in a previous sale in August.
ATHENS: Greece sold 488 million euros ($535.82 million) of three-month treasury bills to refinance a maturing issue with the yield turning negative for the first time ever, the country's debt agency PDMA said on Wednesday.
The debt agency sold the new paper at a yield of -0.02pc, down from 0.095pc, in a previous sale in August.
The amount raised included 112.5 million euros in non-competitive bids.
The sale's bid-to-cover ratio was 2.71, up from 1.59 in the previous auction. Settlement date is on October 11.
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