Greece sells 1.63bn euros of 6-month T-bills, yield eases

Greece sold 1.63 billion euros of six-month treasury bills on Tuesday, the country’s debt agency PDMA said.

The T-bills were priced to yield 2.05 percent, down from 2.15 percent in a previous sale in June. The sale’s bid-cover ratio was 2.66, down from 2.70 in the previous sale.

The settlement date for Tuesday’s auction will be July 11. The amount raised included 380 million euros in non-competitive bids.

Athens has a stock of about 15 billion euros of T-bills, which it regularly refinances. [Reuters]