Greece draws 1.3 billion euros from three-month treasury bills

The public debt management agency (ODDIH) announced that it drew 1 billion euros from the sale of 13-week treasury bills and…

The public debt management agency (ODDIH) announced that it drew 1 billion euros from the sale of 13-week treasury bills and received non-competitive offers worth 300 million euros on Wednesday.

The bid-cover ratio of the sale was 1.93, with the total of offers received being 1.1625 billion euros, compared to the 1.32 ratio from the previous sale on the 10th of December.

In total the State drew 1.3 billion euros, with the yield coming to 1.9%, up from 1.8% in the previous sale on the 10h of December. This increase is justified based on the recent political developments.

Furthermore, primary dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until noon on December 18th, 2014. The final settlement date is the 19th of December 2014.

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