Greece rolls over 3-month T-bills, yield steady

Greece rolls over 3-month T-bills, yield steady

Greece sold 1.138 billion euros ($1.24 billion) of three-month T-bills to refinance a maturing issue, the country's debt agency PDMA said on Wednesday.

The three-month paper was sold at a yield of 2.70 percent, unchanged from a previous sale last month. The amount raised included 263 million euros in non-competitive bids.

The sale's bid-to-cover ratio was 1.61, higher than the 1.30 in the previous auction, thanks to increased demand from foreign investors.

In a rollover T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills is May 12. [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.