Greece sells three-month T-bills, interest rate significantly down

Greece on Wednesday successfully completed an auction of three-month T-bills, raising 1.138 billion euros from the market at a significantly reduced cost.

The Public Debt Management Organization, in an announcement, said that bids submitted totaled 1.907 billion euros, 2.18 times more than the asked sum, while the interest rate of the issue was set at 0.59 pct, down from 0.79 pct in the previous auction, reflecting a positive climate prevailing in capital markets on Greek securities.