ECONOMY

Greece successfully rolls over 6-month T-bills, yield steady

Greece successfully rolls over 6-month T-bills, yield steady

Greece sold 813 million euros ($882.5 million) of six-month T-bills on Wednesday to refinance a maturing issue, keeping its public finances afloat as it negotiates with its international creditors on a new bailout.

With 1.0 billion euros of six-month paper maturing on August 7, debt agency PDMA sold the new paper at a yield of 2.97 percent, unchanged from a previous sale last month.

In the rollover, T-bill holders – mostly banks – renew their positions instead of getting paid on the maturing paper they hold.

The sale's bid-cover ratio was 1.30, unchanged from the last sale. The amount raised included 187.5 million euros in non-competitive bids. Settlement will be on August 7.

Athens will have to roll over another 1.4 billion euros of three-month T-bills maturing on August 14.

[Reuters]

Euro Finance Markets
READ MORE
Greek stocks fall nearly 4.0% on third day of turmoil
ECONOMY

Greek stocks fall nearly 4.0% on third day of turmoil

Greek stocks open 1.38 percent down
ECONOMY

Greek stocks open 1.38 percent down

Greek market divides as banks sink, other shares rise
ECONOMY

Greek market divides as banks sink, other shares rise

Greek exchange chief says stock market normalising after rout
ECONOMY

Greek exchange chief says stock market normalising after rout

Greek banks weigh down stocks as bailout talks grind on
ECONOMY

Greek banks weigh down stocks as bailout talks grind on

Short seller Yu ‘wildly bullish’ on Greece in euro exit scenario
ECONOMY

Short seller Yu ‘wildly bullish’ on Greece in euro exit scenario

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.