Greece sells 1.3 bln euros of 3-month T-bills, yield eases

Greece sold 1.3 billion euros ($1.77 billion) of three-month treasury bills on Tuesday to roll over a maturing issue, the country’s debt agency PDMA said.

The T-bills were priced to yield 3.60 percent, down from 3.75 percent in a January auction. The sale’s bid-cover ratio was 2.38, up from 2.05 in the previous sale.

The amount raised included 300 million euros in non-competitive bids. The settlement date for Tuesday’s auction will be February 14. [Reuters]