1.3 Billion Euros Worth of Greek 3 Month T-Bills Sold

August 12, 2014
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Today, Greece's PDMA debt firm confirmed that the nation sold off 1.3 billion euros of three-month treasury bills, according to reports.

The t-bills were fixed to yield 1.75%; a figure that was unaltered from July's sale, as reported by Kathimerini. This percentage remains the lowest capital cost since January 2010, when the sale held 1.67%.

The current sale's bid-cover ratio was 2.61, marking up from the former sale's ratio of 2.35. Generated revenues encompassed 300 million euros derived from non-competitive offers. Today's auction has a scheduled settlement date on August 18th, while Greece holds approximately 15 billion euros worth of T-bills.

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