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Greece sells three-month T-bills at 3.9%; 812.5 million euros raised

REUTERS/Brendan McDermid

Public Debt Management Authority (PDMA) said that bids submitted totaled 1.014 billion euros, 1.62 times more than the asked sum.

Greece on Wednesday successfully auctioned 3-month Treasury bills issue with the interest rate of the issue set at 3.9%, up from 3.72% of the previous auction.

Public Debt Management Authority (PDMA) said that bids submitted totaled 1.014 billion euros, 1.62 times more than the asked sum. The auction was made with the primary dealers of the market and settlement date is October 6, 2023.

Bids up to the auction amount were accepted, as well as non-competitive bids of 187.5 million euros. Therefore, 812.5 million euros were raised.