Greece Favorably Sells 6 Month T-Bills
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.
Related items
-
Tsipras's new party surges past PASOK to become Greece's leading opposition force
-
Shay Gal: The Hellenic Navy teaches Israel one hard lesson: how to read Turkish pressure through islands, straits, air-sea seams, and escalation thresholds.
-
Joint naval exercise between Greece and Cyprus off Larnaca and Limassol
-
Beleris on incidents in Albania: Greek properties are being encroached on to build the hotel
-
The six times Americans saw UFOs in Greece, three of them on video – What the files released by the Pentagon say