Greece sells 6-month T-bills, yield drops to 0.13%

ATHENS- Greece sold 813 million euros ($912.67 million) of one-year treasury bills, its ninth such issue since it emerged from bailouts in August 2018, the country's debt agency PDMA said on Wednesday.

The debt agency sold the new paper at a yield of 0.13%, down 12 basis point from 0.25% in a previous sale in June. The amount raised included 187.5 million euros in non-competitive bids.

The sale's bid-to-cover ratio was 2.81, up from 1.89 in the previous auction. Settlement date is July 3.

($1 = 0.8908 euros)

(Reporting by George Georgiopoulos) ((george.georgiopoulos@thomsonreuters.com; +30210 337 6437; Reuters Messaging: george.georgiopoulos.thomsonreuters.com@reuters.net))