February 8, 2017 / 10:18 AM / 8 months ago

Greece rolls over 3-month T-bills at steady yield

ATHENS, Feb 8 (Reuters) - Greece sold 1.138 billion euros ($1.21 billion) of three-month T-bills to refinance a maturing issue, the country’s debt agency PDMA said on Wednesday.

The three-month paper was sold at a yield of 2.70 percent, unchanged from a previous sale last month. The amount raised included 262.5 million euros in non-competitive bids.

The sale’s bid-to-cover ratio was 1.30, unchanged from the previous auction in January.

In a rollover T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills is February 10. ($1 = 0.9387 euros) (Reporting by George Georgiopoulos)

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