ATHENS Aug 6 Greece sold 812.5 million euros
($1.08 billion) of six-month T-bills on Tuesday to roll over a
maturing issue, the country's debt agency (PDMA) said.
The T-bills were priced to yield 4.20 percent, unchanged
from a previous July auction. The sale's bid-cover ratio was
1.77, up from 1.70 in the previous sale.
The amount raised included 187.5 million euros in
non-competitive bids. The settlement date for Tuesday's auction
will be Aug 9.
Monthly T-bill sales are Greece's sole remaining source of
market funding. Athens has a stock of about 15 billion euros of
T-bills, which it regularly refinances with the help of Greek
banks which buy and then deposit them as collateral to draw
liquidity from the ECB.