Greece rolls over 3-month T-bills, yield steady
Greece sold 1.138 billion euros ($1.22 billion) of three-month T-bills to refinance a maturing issue, keeping its public finances afloat, debt agency PDMA said on Wednesday.
The debt agency sold the new paper at a yield of 2.70 percent, unchanged from a previous sale last month.
In the rollover, T-bill holders – mostly Greek banks – renew their positions instead of getting paid on the maturing paper they hold.
The sale’s bid-to-cover ratio was 1.30, unchanged from the last sale. The amount raised included 262.5 million euros in non-competitive bids. Settlement will be on Nov. 13
You may be interested
Regling: “We are ready to ease the Greek debt”makis - Feb 23, 2018
Technical work has begun to determine whether Greece will need a debt relief after an expected exit from the rescue…
Turkey threatens violence against Italian drill ship anew in Cyprus!makis - Feb 23, 2018
Turkey continued its belligerent stance off the coast of Cyprus on Friday, as it openly threatened violence against the Italian…
Greek PM Tsipras met with German Chancellor Merkel on EU Summit sidelinesmakis - Feb 23, 2018
Greek PM Alexis Tsipras met with German Chancellor Angela Merkel on the sidelines of the Brussels EU Summit, Thursday. According…