ATHENS: Greece sold 1.138 billion euros ($1.26 billion) of six-month T-bills to refinance a maturing issue, the country’s debt agency PDMA said on Wednesday.
The debt agency sold the new paper at a yield of 2.97 percent, unchanged from a previous sale in October. The amount raised included 262.5 million euros in non-competitive bids. The sale’s bid-to-cover ratio was 1.30, unchanged from the previous auction.
In the rollover T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills is November 4.
