Friday, December 9, 2011

Greece to auction 1.25 bln eur T-bills Dec 13

Greece will auction 1.25 billion euros ($1.675 billion) of 26-week T-bills next Tuesday to fund the rollover of a previous 2 billion euro issue that matures on Dec. 16, its debt agency (PDMA) said on Friday.

Monthly T-bill sales are Greece's sole remaining source of market funding. Last month, PDMA sold 1.3 billion euros of six-month paper, priced to yield 4.89 percent. The sale's bid-cover ratio was 2.91.


Reuters