GREECE - 1Y T-BILL

Greek State raised EUR 812.5m yesterday from the issuance of 1-year T-bills. The total amount auctioned was EUR 625m, while total bids reached EUR 929m (1.49x coverage ratio vs. 3.18x  in March’s auction) for an interest rate of 1.09% (vs. 1.25% in March). PDMA is expected to accept non-competitive bids of EUR 187.5m from primary dealers today, bringing the total amount raised at EUR 1.0bn.

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