Greek T-Bills Worth 1.14 Billion Euros Sold
- Written by Maria Athens
Greece sold 1.14 billion euros worth of six-month treasury bills, as confirmed by the nation's PDMA firm.
The Hellenic treasury bills held a 2.0% yield, marking a two basis points decline. August's t-bill sale offered a 2.02% yield. The current sale's bid-cover ratio finalized at 2.5, in comparison to August's 3.03 figure.
September 5th marks the settlement date for today's transaction. The sale's quantity encompassed non-competitive bids worth 262.5 million euros. Greece has an approximated 15 billion euros worth of T-bills, which it routinely refinances.
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