State raises 1.3 bln euros from T-bills auction

Greece on Tuesday successfully auctioned a six-month Treasury bill issue, raising 1.3 billion euros from the market at a slightly higher rate. The Public Debt Management Organization, in an announcement, said bids submitted totaled 2.725 billion euros, 2.73 times more than the asked sum, while the interest rate of the issue was set at 4.86 pct, up from 4.80 pct in the same auction last month.

The settlement date was set for Friday, Oct. 14.

The organization said it accepted non-competitive bids worth 300 million euros, while additional non-competitive bids up to 30 pct of the asked sum were expected to be submitted by Thursday, Oct. 13.



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