Athens News Agency: News in English, 11-02-08
CONTENTS
[01] 390 mln T-bill auction
[01] 390 mln T-bill auction
(ANA-MPA) -- Greece on Tuesday successfully auctioned a six-month
Treasury bills issue, raising 390 million euros from the market at a
lower interest rate than the previous issue.
A finance ministry announcement said the issue was 4.54 times
oversubscribed, with bids totalling 1.363 billion euros, while the
interest was set at 4.64 pct, down from 4.9 pct in the previous
auction of six-month Treasury bills in January.
The head of Greece's Public Debt Management Organisation, Petros
Christodoulou, said foreign investors covered 80 pct of Tuesday's
auction, up from 37 pct of the previous auction, evidence of increased
confidence in the Greek economy. (copy-paste/ANA)
In comments to Reuters, Christodoulou said the country was receiving
positive messages from the market for the second month in a row.
Greece will auction a three-month Treasury bills issue next Tuesday.
(ANA-MPA)
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