Greek state to auction six-month T-bills

Greece’s Public Debt Management Agency on Friday announced that the Greek state will auction six-month T-Bills, in book entry form, with a maturity of June 2, 2023. Athens wants to raise 625 million euros from the issue.

A settlement date of Dec. 2, 2022 is given.

The last such auction, in October 2022, resulted in a yield of 2.03 percent.

During the auction non – competitive bids can be submitted up to 30 percent of the auction amount.

Primary Dealers can submit non-competitive bids up to another 30 percent of the auctioned amount, until Dec. 1, 2022 (12 noon local time).