Greek authorities on Wednesday successfully auctioned a six-month Treasury bill issue draining 1.625 billion euros from the market at a higher cost. The Public Debt Management Organization, in an announcement, said that the interest rate of the issue was set at 2.30 percent from 2.15 percent in the previous auction of same issue in December 10, 2014. Bids submitted totaled 1.975 billion euros, up 1.58 times from the asked sum. The organization also accepted non-competitive bids worth 375 million euros and will accept additional non-competitive bids up to 30 percent of the asked sum by Thursday, January 8. The auction was made with the market’s primary dealers and settlement date was set for Friday, January 9. (source: ana-mpa)
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