Greece rolls over 6-month T-bills, yield steady
ATHENS, Jan 5 (Reuters) - Greece sold 1.625 billion euros ($1.75 billion) of six-month T-bills to refinance a maturing issue, the country's debt agency PDMA said on Tuesday.
The debt agency sold the new paper at a yield of 2.97 percent, unchanged from a previous sale last month. The amount raised included 375 million euros in non-competitive bids.
In the rollover, T-bill holders - mostly Greek banks - renew their positions instead of getting paid on the maturing paper they hold.
The sale's bid-to-cover ratio was 1.30, unchanged from a previous auction in December. Settlement will be on Jan. 8.
(1 US dollar = 0.9285 euro) (Reporting by George Georgiopoulos)
