Greece rolls over 3-month T-bills, yield steady

Greece sold 1.3 billion euros ($1.46 billion) of three-month treasury bills to refinance a maturing issue, the country's debt agency PDMA said on Wednesday.

The debt agency sold the new paper at a yield of 2.70 percent, unchanged from a previous sale earlier this month. The amount raised included 300 million euros in non-competitive bids.

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

The sale's bid-to-cover ratio was 1.30, unchanged from a previous auction on September 7. Settlement date is September 16. ($1 = 0.8908 euros) [Reuters]