Financial News: T-bills auction raises 1.625 bln euros

Greece on Tuesday raised 1.625 billion euros from the market in an auction of a 3-month Treasury bills issue.
The Public Debt Management Organisation, in an announcement, said the interest on the three-month issue rose to 4.62 pct from 4.06 pct in the previous auction of same T-bills.
Bids submitted totalled 3.675 billion euros, or 2.94 times more than the asked sum.
The auction was held through the market’s primary dealers with settlement date set for September 23.
The organization covered the asked sum of 1.250 billion euros and accepted non-competitive bids totalling 375 million euros.

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