Wednesday, September 15, 2010

Greece raised € 1.17 billion from the sale of six-month Treasury bills in an auction which took place yesterday.

The Public Debt Management Agency (PDMA) announced that the 26-week bills were priced to yield 4.82 %, higher than rate reached, 4.65 %, at a previous sale in July.

Three-month bills are also scheduled to be released on September 21, since the government has decided to issue T-bills twice a month instead of twice a quarter. Meanwhile, as part of a roadshow in European capitals, Finance Minister George Papaconstantinou is in London today for a series of meetings with foreign investors.