Wednesday, May 16, 2012
Greece raised € 1,300 million during an auction of 13-week Treasury Bills conducted yesterday. According to an announcement by the Public Debt Management Agency (PDMA), the issue was 2.32 times oversubscribed.
Total bids reached € 2,320 million and the amount finally accepted was € 1,300 million. The interest rate was 4.34% compared to 4.20% reached during the previous auction of 13-week bills on April 17, and 4.25% during the auction of March 20.
