Thursday, December 20, 2012
The European Central Bank (ECB) announced yesterday that "marketable debt instruments issued or fully guaranteed by the Hellenic Republic, fulfilling all other eligibility criteria, shall again constitute eligible collateral for the purposes of Eurosystem credit operations."
In reaching this decision, the ECB Governing Council has taken into consideration the positive assessment by Troika and the wide range of measures already implemented by the Greek government in the areas of fiscal consolidation, structural reforms, privatisation and financial sector stabilisation.
One day earlier, Standard & Poor’s Ratings Services raised its long- and short-term sovereign credit ratings on Greece to 'B-' from 'SD' (selective default).
- T-Bill Auction Raises € 1.3 bn
Greece raised €1,300 million during an auction of 13-week T-Bills conductedon December 18, according to an announcement issued by the Public Dept Management Agency (PDMA).
Total bids reached €1,730 million and the amount finally accepted was €1,300 million. The interest rate was 4.11%, compared to 4.20% reached during the previous auction, on November 13.
Total bids reached €1,730 million and the amount finally accepted was €1,300 million. The interest rate was 4.11%, compared to 4.20% reached during the previous auction, on November 13.
