BUSINESS

Greece sells 1.625 bln euros of 3-month T-bills

Greece sold 1.625 billion euros of three-month treasury bills on Tuesday to roll over a maturing issue, the Public Debt Management Agency (PDMA) said.

The T-bills were priced to yield 3.75 percent, down from 3.90 percent in a December auction.

The sale’s bid-cover ratio was 2.05, up from 1.92 in the previous sale.

The amount raised included 375 million euros in non-competitive bids.

The settlement date for Tuesday’s auction will be this Friday.

[Reuters]

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