Wednesday, April 11, 2012

Greece raised € 1,300 million during an auction of 26-week Treasury Bills conducted yesterday. According to an announcement by the Public Debt Management Agency (PDMA), the issue was 2.62 times oversubscribed.

Total bids reached € 2,620 million and the amount finally accepted was € 1,300 million. The interest rate was 4.55% compared to 4.80% reached during the previous auction of 26-week bills on March 6, and 4.86% during the auction of February 7.