ATHENS Feb 5 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
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.