Greece sells 1.625bn euros of 6-month T-bills, yield falls

Greece sold 1.625 billion euros ($2.21 billion) of six-month treasury bills on Tuesday, the country’s debt agency PDMA said.

The T-bills were priced to yield 2.15 percent, down 55 basis points from 2.70 percent in a previous sale in May.

The sale’s bid-cover ratio was 2.70, up from 2.65 in the previous sale.

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

The settlement date for Tuesday’s auction will be June 13. Athens has a stock of about 15 billion euros of T-bills, which it regularly refinances. [Reuters]