ATHENS: Greece sold 2.925 billion euros ($3.28 billion) of three-month and six-month T-bills on Wednesday to refinance maturing issues, the country's debt agency PDMA said.
The three-month paper was sold at a yield of 2.70 percent, unchanged from a previous sale last month. The amount raised included 300 million euros in non-competitive bids.
The sale's bid-to-cover ratio was 1.30, lower than 1.61 in the previous auction. the debt agency also sold 1.625 billion euros of six month T-bills at a steady yield of 2.97 percent.
The amount raised included 375 million euros in non-competitive bids. The bid-cover ratio was 1.30.
In a rollover T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills is June 9.
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