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22ndannualcapital

1.63 Billion Euro 6-Month Greek Treasury Bills Selloff

Today, Greece's debt firm PDMA confirmed the nation's 1.63 billion euro selloff of six-month treasury bills.

The T-bills held a 2.05% yield, that was a less than the last sale at 2.15% in June. Its bid-cover ratio was determined at 2.66, compared to a previous 2.70. July 11th marks today's transaction settlement date.

A total of 380 million euros worth of non-competitive bids were generated. As stated by Reuters and reported by ekathimerini, Athens holds approximately 15 billion euros worth of T-bills; the capital consistently refinances them.