Greece on Tuesday successfully auctioned a three-month Treasury bill issue raising 1.625 billion euros from the market at a lower cost.
In an announcement, the Public Debt Management Agency (PDMA) said that the interest rate of the issue was set at 1.75%, down from 1.80% in the previous auction of same issue on June 17.
Bids submitted totalled 2.94 billion euros, 2.35 times more than the asked sum.
The auction was made with the market’s primary dealers. PDMA will also accept non-competitive bids up to 30% of the asked sum by Thursday, July 17.
(source: ana-mpa)
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