Steady yield in suc­cess­ful six-month T-bill rollover

Kathimerini English - - Front Page -

Greece sold 813 mil­lion eu­ros of six­month trea­sury bills yesterday to re­fi­nance a ma­tur­ing is­sue, keep­ing its public fi­nances afloat as it ne­go­ti­ates with its in­ter­na­tional cred­i­tors on a new bailout. With 1 bil­lion eu­ros of six-month pa­per ma­tur­ing to­mor­row, the Public Debt Man­age­ment Agency (PDMA) sold the new pa­per at a yield of 2.97 per­cent, un­changed from a pre­vi­ous sale last month. In the rollover, T-bill hold­ers – mostly banks – re­new their po­si­tions in­stead of get­ting paid on the ma­tur­ing pa­per they hold. The sale’s bid-cover ra­tio was 1.30, un­changed from the last sale. The amount raised in­cluded 187.5 mil­lion eu­ros in non-com­pet­i­tive bids. The set­tle­ment date will be to­mor­row. Athens will have to roll over another 1.4 bil­lion eu­ros of three-month Tbills ma­tur­ing on Au­gust 14.

Potidea Palace. Af­ter months of ne­go­ti­a­tions, the four-star ho­tel unit Potidea Palace at Halkidiki in cen­tral Mace­do­nia has been bought out by Rus­sian-owned Portes Me­lathron SA, Kathimerini un­der­stands. Pre­vi­ously owned by the Mouzeni­dis Group, Potidea Palace has 232 rooms and suites and is lo­cated in Nea Potidea.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.