ODDIH: Greece draws 2.9 billion euros from Treasury bill sale
The Public Debt Management Agency (ODDIH) announced that it generated a total of 2.9 billion euros from the sale of three and…
The Public Debt Management Agency (ODDIH) announced that it generated a total of 2.9 billion euros from the sale of three and six-months treasury bills today.
During the auction of 1.250 billion euros worth of six month treasury bills conducted today, the total bids reached 2.257 billions and the amount finally accepted was 1.625 billion euros. Likewise, the total bids for the three-month treasury bills reached 1.317 billion euros, with Greece finally accepting 1.3 billion euros.
On top of that, Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until noon on December 11, 2014. The final settlement date is the 12th of December 2014.
Financial analysts consider the small participation of investors in the two treasury bond issues as “expected”, given the political uncertainty generated in recent times.