Greece sells 1.138bn euros of 6 month T-bills, yield steady

08 Oct, 2014

ATHENS: Greece sold 1.138 billion euros ($1.44 billion) of six-month treasury bills on Wednesday to roll over a maturing issue, the country's debt agency PDMA said.

The T-bills were priced to yield 2.0 percent, unchanged from a previous sale in September.

The sale's bid-cover ratio was 2.67, up from 2.5 in the previous sale.

The settlement date for Wednesday's auction will be October 10.

The amount raised included 262.5 million euros in non-competitive bids. Athens has a stock of about 15 billion euros of T-bills, which it regularly refinances.

Copyright Reuters, 2014

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