Greece draws 1.3 billion euros from 3-month treasury bills

The public debt management organization (ODDIH) has announced that Greece drew 1.3 billion euros from its latest Treasury bill auction, which took place on Wednesday. 300 million euros in non-competitive offers were accepted.

According to the ODDIH announcement, the yield of the auction came to 2.70%, 20 basis points more than in the previous auction that took place on the 11^th of February

Further, it was stated that the bid-cover ratio in the auction was 1.3 times, suggesting that demand remains high, in spite of the liquidity problems which Greece current faces.