Greece on Tuesday successfully auctioned off a six-month Treasury bills issue, raising 390 million euros from the market, although at a higher price. The 26-week T-bill issue was auctioned at an interest of 4.82 pct, up from 4.54 pct in the previous auction.
Bids submitted totaled 1.544 billion euros, 5.15 times more than the asked sum. The auction was held through the market’s primary dealers, with settlement date set Friday, Nov. 12, 2010.
The finance ministry also accepted non-competitive bids worth 90 million euros. No commission was paid.