ECONOMY

Greece sells 1.625 bln euros of 3-month T-bills, yield steady

Greece sold 1.625 billion euros ($2.12 billion) of three-month T-bills on Tuesday to roll over a maturing issue, the country’s debt agency (PDMA) said.

The T-bills were priced to yield 4.02 percent, unchanged from a previous June auction. The sale’s bid-cover ratio was 1.70, down from 1.72 in the previous sale.

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

Monthly T-bill sales are Greece’s sole remaining source of market funding.

[Reuters]