Greece sells 6-month treasury bills at steady interest rate

Source: Xinhua| 2018-10-04 00:26:52|Editor: yan
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by Natasha Pavlopoulou

ATHENS, Oct. 3 (Xinhua) -- Greek authorities sold 1.138 billion euros (1.31 billion U.S. dollars) of six-month treasury bills on Wednesday, the country's debt management agency (PDMA) said.

The interest rate of the issue was set at 0.85 percent, unchanged from the previous auction of the same issue on Aug. 29 this year, according to the e-mailed statement of the agency.

The issue was 1.31 times oversubscribed. The settlement date of the new bills is Friday. The authorities will also accept non-competitive bids up to 30 percent of the asked sum by Thursday.

Shut out of international capital markets since 2010, the debt-ridden country exited the bailout programs after eight years this summer and is due to gradually fully return to markets.

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