Greece sells six-month T-bills, yield drops
Greece #Greece
ATHENS, Nov 29 (Reuters) – Greece sold 812.5 million euros ($891.39 million) of six-month Treasury bills on Wednesday at a lower yield, the country’s debt agency (PDMA) said.
The debt agency sold the new paper at a yield of 3.84%, down from 3.92% in a previous auction in October. The amount raised included 187.5 million euros in non-competitive bids.
The sale’s bid-to-cover ratio was 1.53, down from 1.76 in the previous auction. The settlement date is Dec 1. ($1 = 0.9115 euros) (Reporting by Lefteris Papadimas)