Greece successfully sold off 813 million euros worth of six month T-bills today.
The sale will assist in refinancing a maturing matter and will maintain its public finances, as the nation looks to secure its third bailout with global creditors.
Debt firm PDMA sold the T-bills with a 2.97% yield, while 1 billion euros of T-bills have an August 7th maturation date. The yield remains unaltered from last month's auction.
Wednesday's sale's bid-cover ratio mirrored last month's at 1.30. Generated funds encompassed 187.5 million euros worth of non-competitive bids, with a scheduled August 7th settlement.
On August 14th, Athens will need to roll over an additional 1.4 billion euros worth of three month T-bills that have an August 14th maturation date.
- Washington Examiner: US considers leaving Incirlik and "sees" alternative in Greece
- AHI Participates on State Department Call on Eastern Med Developments
- Athens-Nicosia in step for the EU summit for Belarus and Turkish aggression
- 25 personalities support Greece and Cyprus against Turkish aggression in letter to the "Times"
- Turkish foreign minister accuses Greece of 'black propaganda', attacks Joe Biden