Greece sells 6-month T-bills on higher yield

Kitco Media
By Reuters
Published:
Updated:
Reuters
ATHENS, Feb 22 (Reuters) - Greece sold 812.5 million euros ($864.66 million) of six-month treasury bills on Wednesday at a higher yield than a sale in January, the country's debt agency (PDMA) said. The debt agency sold the new paper at a yield of 3.07%, 67 basis points higher compared to 2.40% in the January sale. The amount raised included 187.5 million euros in non-competitive bids. The sale's bid-to-cover ratio was 2.21, down from 2.46 in the previous auction. The settlement date is Feb. 24. ($1 = 0.9397 euros) (Reporting by Lefteris Papadimas)

Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.