Greece sells six-month T-bills, raising 1.1375 bln euros

Greece on Wednesday successfully auctioned a six-month Treasury bill issue raising 1,137.5 million euros from the market at a lower cost.

The Public Debt Management Authority, in an announcement, said that the interest rate of the issue was set at 1.07 pct (1.19 pct in the previous auction in February) and the asked price was 2.69 times oversubscribed. Bids submitted totaled 2.352 billion euros. The auction was made with the market’s primary dealers and settlement date will be Tuesday, 10 April 2018. The authority will accept non-competitive bids up to 30 pct of the asked sum by Thursday, 5 April.