ECONOMY

Greece sells 1.3 bln euros of three-month T-bills

Greece sold 1.3 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 3.90 percent, unchanged from a November auction.

The sale’s bid-cover ratio was 1.92, down from 2.03 in the previous sale.

The amount raised included 300 million euros in noncompetitive bids.

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

[Reuters]