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Greece sells T-bills

Greece sold 1.138 billion euros of six-month treasury bills to roll over a maturing issue, the country's debt agency PDMA said.

The T-bills were priced to yield 2%, unchanged from a previous sale in October. The sale's bid-cover ratio was 2.09, down from 2.67 in the previous sale.

The settlement date for Wednesday's auction will be November 7. The amount raised included 272 million euros in non-competitive bids. Athens has a stock of about 15 billion euros of T-bills, which it regularly refinances.

 

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