Greece managed to draw 1.138 billion euros from the latest auction of six-month treasury bills, it was announced on Wednesday by the public debt management organization ODDIH.
According to the announcement the auction’s yield as 2.97%, up from the 2.75% yield of the previous auction, while the bid-cover ratio remained stable at 1.3. Greece accepted non-competitive offers worth 262.5 million euros.
The Operating Rules of Primary Dealers stipulate that an additional 30% of the auctioned sum in non-competitive offers may be submitted by noon on Thursday. The final settlement date for the T-bill auction is on Friday.
