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Greece Sells Six-Month T-Bills Worth 1.138 Billion Euros

Greece successfully sold six-month T-bills today, in the amount of 1.138 billion euros.

The sale refinanced a maturing concern and maintained the nation's public assets, prior to the upcoming September 20th elections. Greek debt firm PDMA issued the T-bills with a 2.97% yield, while 1.4 billion euros of the bills have a September 4th maturation date.

This yield remains unaltered from August's six-month T-bill sale, along with its bid-cover ratio that held 1.30. Funds generated encompassed 262.5 million euros worth of non-competitive bids, with a scheduled settlement date on September 4th.

(Source: Reuters)