T-bills auction raises 1.625 billion euros
Greece raised 1.625 billion euros from the market in an auction of a three-month Treasury bills issue
George Papandreou smiling before he won the right to govern in 2009 and not because the T-bills auction raised 1.625 billion euros.
Greece raised 1.625 billion euros from the market in an auction of a three-month Treasury bills issue, on Tuesday 21 June.
The Public Debt Management Organisation, in an announcement, said the interest on the three-month issue rose to 4.62 per cent from 4.06 per cent in the previous auction of same T-bills. Bids submitted totalled 3.675 billion euros, or 2.94 times more than the asked sum. The auction was held through the market's primary dealers with settlement date set for September 23. The organisation covered the asked sum of 1.250 billion euros and accepted non-competitive bids totalling 375 million euros. Source: Athens News
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