Greece successfully auctions six-month Treasury bills issue

Greece on Tuesday successfully auctioned a six-month Treasury bills issue worth 1.25 billion euros from the market.
The issue was 3.58 times oversubscribed with bids submitted totalling 4.474 billion euros, while the yield rose slightly to 4.88 pct from 4.8 pct in the previous auction of six-month T-bills.
The Finance ministry accepted bids covering the asked sum along with non-competitive bids worth 375 million euros.

The Finance ministry will also accept non-competitive bids up to 30 pct of the auctioned sum until Thursday 12, May.

Petros Christodoulou, head of the Public Debt Management Organization, said foreign investors covered 34.2 pct of the issue.

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