ATHENS, July 4 (Xinhua) -- Greece sold on Wednesday 26-week Treasury Bills at 0.85 percent yield, unchanged from the previous similar auction last month. Wednesday's auction amounted to 1.625 billion euros (1.89 billion US dollars), announced the Public Debt Management Agency (PDMA).
Total bids of 1.729 billion euros were submitted, exceeding the required amount by 1.38 times. The auction was conducted through the Primary Dealers, and the settlement date is July 6, 2018, PDMA said in an e-mailed statement.
Shut out of international markets since 2010, the debt-laden country runs a monthly treasury bill auction program to cover maturing debts and meet its financing needs, in parallel to the bailout program.
Greece is expected to fully return to the markets after the current third bailout program ends this August. (1 euro=1.16 US dollars)
