Wednesday, November 14, 2012

Greece successfully auctioned yesterday two series of Treasury bills totalling €4,062.5 million. Specifically, €2,762.5 million were raised during an auction of 4-week T-bills.

According to an announcement issued by the Public Debt Management Agency (PDMA), total bids reached €2,765 million and the amount finally accepted was €2,762.5 million, while the interest rate was 3.95%. In addition, Greece raised €1,300 during an auction of 13-week T-bills. According to a relevant announcement, total bids reached €1,660 million and the amount finally accepted was €1,300 million.

The interest rate was 4.20%, slightly lower than the 4.26 % reached during the previous auction on October 16.