ATHENS, Aug 12 (Reuters) - Greece sold 1.3 billion euros ($1.73 billion) of three-month treasury bills on Tuesday to roll over a maturing issue, the country’s debt agency PDMA said.
The T-bills were priced to yield 1.75 percent, unchanged from a previous sale in July but still the lowest funding cost since January 2010, when the debt agency sold three-month treasury paper at 1.67 percent.
The sale’s bid-cover ratio was 2.61, up from 2.35 in the previous sale.
The amount raised included 300 million euros in non-competitive bids. The settlement date for Tuesday’s auction will be August 18. Athens has a stock of about 15 billion euros of T-bills, which it regularly refinances. (Reporting by George Georgiopoulos)