Greece raises 1.3 bln euros in T-bill auction

Wednesday, 09 March 2016 19:57
UPD:19:58
INTIME NEWS/ΧΑΛΚΙΟΠΟΥΛΟΣ ΝΙΚΟΣ

Submitted bids totalled 1.3 billion euros, 1.3 times more than the requested sum.

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The Greek state on Wednesday auctioned off a 3-month T-bill issue, raising 1.3 billion euros from the market.

The interest rate was set at 2.70 percent, unchanged from the previous auction of a similar issue on Feb. 10.

Submitted bids totalled 1.3 billion euros, 1.3 times more than the requested sum.

The auction was made with the market's primary dealers and the settlement date was set for Friday, March 11. The Public Debt Management Organization said it would accept non-competitive bids of up to 30 percent of the auctioned sum by Thursday,  March 10.

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