Greece raised 1.14 bln € from T-bill auction

Greece raised 1.14 bln € from T-bill auction

 

Review by Christos T. Panagopoulos

Greece on Tuesday successfully auctioned a six-month Treasury bill issue, raising 1.138 billion euros from the market at a stable cost.

The Public Debt Management Organization, in a statement, said that bids submitted totaled 1.65 billion euros, 1.89 times more than the asked sum, while the interest rate of the issue was set at 4.20 pct, unchanged from the previous auction of same T-bills.

Settlement date was set for Friday, 6 September. The organization will also accept non-competitive bids up to 30 pct of the asked sum by Thursday, 5 September.

Source: AMNA