Greece’s Public Debt Management Agency (PDMA) on Wednesday announced that the yield for a new 13-week T-bill auction to collect 500 million euros reached 2.84%, down from 3.23% posted in a previous auction.
The total amount offered was 946 million euros, with the coverage ratio at 1.89. The amount accepted was 600 million euros. During the previous auction, offers reached 1.2 billion euros, in July 31, 2024.
The auction was conducted through Primary Dealers and the settlement date is Friday, Oct. 4, 2024.
Offers were accepted up to the auctioned amount (500 million euros), along with non-competitive offers of another 100 million euros.
The cut-off price was 99.288, up from 99.190 during the last such auction in July 2024. The cut-off ration reached 48%.
According to the PDMA, no additional non-competitive bids will be accepted on Thursday, Oct. 3, 2024, while no commission was paid during the auction.
