Reuters logo
Greece sells 812 mln eur of T-bills, yield eases
February 5, 2013 / 10:16 AM / 5 years ago

Greece sells 812 mln eur of T-bills, yield eases

ATHENS, Feb 5 (Reuters) - Greece sold 812.5 million euros of six-month T-bills on Tuesday to roll over a previous issue taht comes due on Feb. 8, its debt agency (PDMA) said.

The T-bills were priced to yield 4.27 percent, three basis points below a previous Jan. 8 auction. The sale’s bid-cover ratio was 1.68, up from 1.62 in the previous auction.

The amount raised included 187.5 million euros in non-competitive bids.

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below