Greece sells three-month T-bills at lower cost

Greece on Wednesday successfully auctioned a three-month Treasury bill issue raising 812.5 million euros from the market at a lower cost. The Public Debt Management Organization, in an announcement, said that the yield of the T-bill was set at 0.79 pct, while bids submitted totaled 1.755 billion euros, 2.81 times more than the asked price.

The auction was made with the market’s primary dealers. The organization will also accept non-competitive bids up to 30 pct of the asked sum by Thursday, 12 April.