The Greek state on Wednesday successfully auctioned off six-month Treasury bills at a slightly higher cost than in the previous such auction, and with the intent of raising 625 million euros.

According to an announcement by the Public Debt Management Authority (PDMA), the uniform yield of the issue reached 3.83%, up from 3.77% during the previous auction held on Jan. 24, 2024. The amount finally accepted was 812.5 million euros, while offers totaled 1.030 billion euros, oversubscribing the issue by 1.65 times.

The cut-off price was 98.101.

The auction was made with the market’s primary dealers and the settlement date is Friday, Feb. 23, while no additional non-competitive bids will be accepted on Thursday, Feb. 22, 2024.