Greece Sells €1.625b 13-Week T-Bills

Greece has sold €1.625b of 13- week Treasury Bills in an auction on Tuesday, with uniform yield at 4.06% and maturity on August 19, 2011.


The amount auctioned was €1.25b, with bid-to-cover ratio at 3.3, according to the Public Debt Management Agency. 

Moreover, following are details of the auction. 

Issue                   13-week t-bills 
Maturity               Aug. 19, 2011 
Amount on offer   1.25 bln 
Bids received        4.126 bln 
Bids accepted       1.625 bln 
Bid-to-cover ratio   3.3      (3.45) 
Uniform yield         4.06%    (4.10%) 
Cut-off price         98.984   (99.019) 
Settlement date    May 20, 2011










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