ECONOMY

Greek treasury bills sold at slightly lower rate

Greece sold 1.138 billion euros of six-month treasury bills on Tuesday to roll over a previous issue that comes due on Friday, the Public Debt Management Agency (PDMA) said.

The T-bills were priced to yield 4.25 percent, two basis points below a previous February 5 auction.

The sale’s bid-cover ratio was 1.64, down from 1.68 in the previous auction.

The amount raised included 262.5 million euros in noncompetitive bids.

[Reuters]