Greece raises 812.5 mln euros in T-bill auction: Reurn of the issue was set at 0.02 pct

File photo via amna_news [ANA – MPA]

Greece on Wednesday successfully auctioned a six-month Treasury bill issue raising 812.5 million euros from the market at a lower cost. The return of the issue was set at 0.02 pct, down from 0.13 pct of the same issue in the auction on July 1.

The Public Debt Management Agency (PDMA), in an announcement, said the bids were 2.83 times more than the asked sum of 625 million euros, reaching 1.766 billion euros.

On top of that, primary dealers can additionally submit non-competitive bids of up to 30 pct of the amount initially auctioned until noon on July 30, 2020. Settlement date is July 31, 2020, PDMA announced.

 Source: ANA – MPA


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