The public debt management agency ODDIH has announced that Greece on Tuesday successfully auctioned a six-month Treasury bill issue draining 1.625 billion euros from the market.
The interest rate and coverage ratio both remained stable at 2.97% and 1.30 respectively, unchanged from the previous auction of same issue last month. The amount raised included 375 million euros in non-competitive bids.
Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until noon on January 7, 2016. The final settlement date is January 8, 2016.
In the rollover, T-bill holders – mostly Greek banks – renew their positions instead of getting paid on the maturing paper they hold.
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