The Geek Public Debt Management Agency (PDMA) announced on the successful auction of 26-week treasury bills amounting to 500 million euros on Monday, Dec. 23. The yield was set at 2.61%.
PDMA reported that the total number of bids submitted reached 841 million euros, which exceeded the auction target by 1.68 times.
The auction was conducted through the Primary Dealers, with the settlement date scheduled for Friday, Dec. 27, 2024.
Accepted bids included competitive offers up to the auctioned amount and non-competitive offers totaling 100 million euros.
No additional non-competitive bids will be accepted on Tuesday, Dec. 25, 2024.
It should be noted that no commissions are charged during such auctions.
