Bids in Greek T-bill auction exceed asked sum 1.61 times, setting new record

Thursday, May 11th, 2017
Last Update: 10:10

Greece on Wednesday successfully auctioned a three-month Treasury bill issue raising 1.138 billion euros from the market.

The interest rate of the issue was set at 2.70 pct, unchanged from the previous auction of same issues last month. Bids submitted were 1.61 times more than the asked sum, surpassing an 1.3 times record in the previous actions.

This positive development reflects a significant improvement in the Greek state bond market following an agreement reached between the Greek government and its creditors on concluding a second review of the Greek bailout program.

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