€4,474m with a uniform yield of 4.88%, according to the Greek Public Management Agency.
The initial amount auctioned was €1,250m, while Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until May 12, 2011 (12 p.m local time).
The auction "should already be viewed as a success for the PDMA to be able to offload the paper below the 5% threshold, "after the recent raft of horrible news," Commerzbank strategist David Schnautz told Dow Jones Newswires.
"A big plus had been the fact that today΄s bills will mature in November, i.e. still in 2011 for which the still-in-place bailout package is still sufficient," he added.
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