Greece Favorably Sells 6 Month T-Bills
- Written by Maria Athens
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
-
‘All you want is Greece’ this year’s tourism slogan for closely watched 2021 season
-
More than eight-fold coverage for the new Greek 5-year bond
-
Factors of flight and repatriation: The example of Greek Brain Drainers living in the United Kingdom
-
WTCC: Greece is a global example of safe opening of tourism
-
The game's afoot for airlines ahead of Greece's tourism opening