T-bills.

Kathimerini English - - Focus -

ma­rina at Py­los in the south­west­ern Pelo­pon­nese has been post­poned an­other four months. State sell-off fund TAIPED an­nounced that the sub­mis­sion date for bind­ing of­fers, which had been last Mon­day, has been changed to July 13, 2017. It is the sec­ond time TAIPED has ex­tended this ten­der, and this is the fund’s sec­ond ten­der for this pri­va­ti­za­tion, following an ini­tial one in 2013, which was can­celed. The sec­ond ten­der was launched last fall with a Jan­uary 12 dead­line, and now it ap­pears the bids will not be sub­mit­ted un­til six months af­ter that date. There is strong in­ter­est in Py­los ma­rina as Kala­mata, the main city in the area, and the Pelo­pon­nese in gen­eral are draw­ing in­creas­ing num­bers of vis­i­tors, and the owner of the Costa Navarino luxury re­sort is among the main suit­ors. Greece’s bank­ing sys­tem con­tracted 1.4 per­cent year-on-year in Jan­uary af­ter shrink­ing by 1.0 per­cent in the pre­vi­ous month, Bank of Greece data showed yes­ter­day. Credit ex­tended to the gov­ern­ment rose 0.1 per­cent af­ter a 1.4 per­cent in­crease in De­cem­ber, the cen­tral bank said. Lend­ing to busi­nesses and house­holds de­clined 1.6 per­cent af­ter a 1.4 per­cent drop in De­cem­ber.

Greece sold 1.3 bil­lion eu­ros of three-month trea­sury bills to re­fi­nance a ma­tur­ing is­sue, the coun­try’s debt agency PDMA said yes­ter­day. The three­month pa­per was sold at a yield of 2.70 per­cent, un­changed from a pre­vi­ous sale ear­lier this month. The amount raised in­cluded 300 mil­lion eu­ros in non-com­pet­i­tive bids. The sale’s bid-to-cover ra­tio was 1.30, un­changed from the pre­vi­ous auc­tion on March 8. The set­tle­ment date of the new bills is tomorrow.

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