October 5, 2016 / 9:16 AM / a year ago

Greece rolls over 6-month T-bills, yield steady

ATHENS, Oct 5 (Reuters) - Greece sold 1.138 billion euros ($1.28 billion) of six-month T-bills to refinance a maturing issue, the country’s debt agency PDMA said on Wednesday.

The debt agency sold the new paper at a yield of 2.97 percent, unchanged from a previous sale in late August. The amount raised included 262.5 million euros in non-competitive bids.

The sale’s bid-to-cover ratio was 1.30, unchanged from the previous auction.

In the rollover T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills will be October 7. ($1 = 0.8909 euros) (Reporting by George Georgiopoulos)

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