Greece sells 2.6 bln eur of T-bills- debt agency
ATHENS Jan 8 (Reuters) - Greece sold 2.6 billion euros ($3.4 billion) of one- and six-month treasury bills on Tuesday to roll over maturing issues that come due Jan. 11, its debt agency (PDMA) said.
PDMA sold 975 million euros of one-month T-bills priced to yield 3.95 percent and 1.625 billion of six-month paper at 4.3 percent, eight basis points below a previous sale in December.
The six-month auction's bid-cover ratio was 1.69, up from 1.54 in the Dec. 11 sale.
Greek banks traditionally buy the bulk of T-bill issues, meaning funding costs do not fully reflect the strains from the country's debt crisis. Banks can deposit the bills as collateral with Greece's central bank to receive funding.
- Tesla says in talks with BMW over car batteries, parts
- Hagel, under pressure, resigns as defense secretary |
- Missouri grand jury has made decision in fatal shooting of black teen: report |
- Iran nuclear talks extended seven months after failing to meet deadline |
- Actor Dwight Henry eyed in New Orleans killing after arrest for theft
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video