ECONOMY

T-bill auction oversubscribed 2.44 times

t-bill-auction-oversubscribed-2-44-times

The Public Debt Management Agency (PDMA) on Wednesday announced it had successful auctioned 26-week treasury bills, with the desired amount of 625 million euros oversubscribed 2.44 times, leading to a particularly low interest rate of 0.097 percent, compared to a rate of 0.150 percent at the previous auction in late August.

The settlement date is Friday.