ECONOMY

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

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

Greece sold 1.138 billion euros ($1.24 billion) of six-month T-bills to refinance a maturing issue, the country's debt agency PDMA said on Wednesday.

The debt agency sold six-month paper at a yield of 2.97 percent, unchanged from a previous sale in April. The amount raised included 262.5 million euros in non-competitive bids.

The sale's bid-to-cover ratio was 1.30, unchanged from the previous auction.

In a rollover T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills is May 5. [Reuters]

Finance
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