Lower yield in T-bill auction
Greece sold 812.5 million euros of three-month T-bills on Wednesday to refinance maturing issues, the country’s debt agency PDMA said.
The three-month paper was sold at a yield of 2.33 percent, down from 2.70 in a previous sale last month.
The amount raised included 238 million euros in non-competitive bids. The sale’s bid-to-cover ratio was 1.85, up from 1.30 in the previous sale.
The settlement date of the new bills is on Friday.