Greece sells 3-month T-bills; yield still negative, slightly up at -0.40%

Greece’s Public Debt Management Agency (PDMA) on Tuesday on announced that the country has drained 812.5 million euros from the markets via the sale of 3-month T-bills with a still negative yield, but slightly higher than the previous such transaction.

PDMA said the new debt was sold at a yield of -0.40 percent, up from -0.43 percent in a previous auction, held in early November 2021.

The amount raised included 187.5 million euros in non-competitive bids.

The bond sale’s bid-to-cover ratio was 1.84, up from 1.69 in the November auction. The settlement date was scheduled for Jan. 7.