Greece sells six-month T-bills at lower interest rate
- Written by E.Tsiliopoulos
Greek authorities on Wednesday successfully auctioned a six-month Treasury bill issue raising 812.5 million euros from the market at a lower cost.
The interest rate of the issue fell to 2.5 pct from 2.78 pct in the previous auction of same issue last month. Bids submitted were 1.86 times more than the asked price, exceeding an 1.3 times oversubscription rate in the previous auction.
Greek notes' interest rates began falling in early July when Greek authorities auctioned a six-month rate at an interest rate of 2.78 pct frm 2.97 pct in the previous auction. The three-month interest rates fell to 2.33 pct last month from 2.7 pct in June.
Related items
-
Greece under "siege" as storm Adel unleashes floods and landslides
-
Pope Leo's vist to Turkey and the Ecumenical Patriarchate - Halki seminary on the table
-
Hilarious mistake at Giannitsa diocese
-
Justice Min.: Heirs will not be forced to renounce inheritance in order not to incur debts
-
Meeting Mitsotakis – Tzitzikostas: Greece to secure €80 billion after tough negotiations
Latest from E.Tsiliopoulos
- Greece under "siege" as storm Adel unleashes floods and landslides
- Pope Leo's vist to Turkey and the Ecumenical Patriarchate - Halki seminary on the table
- Hilarious mistake at Giannitsa diocese
- Justice Min.: Heirs will not be forced to renounce inheritance in order not to incur debts
- Meeting Mitsotakis – Tzitzikostas: Greece to secure €80 billion after tough negotiations