Wednesday, January 8, 2014

On January 7, Greece successfully auctioned a six-month Treasury bill issue raising €1.625 billion. According to the country's Public Debt Management Organization, the interest rate of the issue was set at 4.1%. Bids submitted totaled €2.592 billion, 2.07 times more than the asked sum. The auction was made with the market's primary dealers, while settlement date was set for January 10.