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Greek T-Bill Auction Heavily Oversubscribed

The Greek Public Debt Management Agency said it sold EUR1.95 billion of 13-week treasury bills at an auction Tuesday with a Bid-to-Cover ratio of 4.61.

Following are details of the auction as quoted by Dow Jones Newswires. Figures in brackets are data from the previous auction held Jan. 19.

Issue 13-week t-bills

Maturity April 23, 2010

Amount on offer 1.5 bln

Bids received 6.921 bln

Bids accepted 1.950 bln

Bid-to-cover ratio 4.61 (3.23)

Uniform yield 3.65% (1.67%)

Cut-off price 99.085 (99.580)

Settlement date April 23, 2010