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    Greece sells €1.13B of 26-week bills


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    #1 ⇑ Haut ⇑ 05-03-2013 14:03:58

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    Greece sells €1.13B of 26-week bills

    Greek Debt Management Agency said the debt-laden nation managed to sell 1.1375 billion euros of new bills at lower yields in a short-term auction held on Tuesday.

    Greece sold 1.1375 billion euros of 26-week bills in an auction that saw a decline in yield to 4.25% compared with 4.27% in February’s auction while the bid to cover ration inched down to 1.34 times from 1.68 times in the prior auction.

    Total bids reached 1.438 billion euros higher than 1.053 billion euros in the prior auction, and a total of 1.1375 billion euros was accepted from 0.8125 billion euros in February’s auction.

    The bills will be issued March 8 next year, and mature 36-week later on September 6.

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    Greece sells €1.13B of 26-week bills



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