ODDIH: State draws 1.625bn euros from six-month Treasury bills

The public debt management agency (ODDIH) has announced that the Greek state has drawn 1.625 billion euros from issuing of six-month Treasury bills.

Initially the amount auctioned was for 1.250 billion euros, however the total offers raised the amount to 1.625 billion euros, with a bid-cover ratio of 1.3 and a uniform yield of 2.97%

The auction was carried out via the primary dealers and Friday, 10^th of July has been set as the final settlement date. Non-competitive offers up to 30% of the auction amount may be submitted by noon on Thursday, 9^th of July.