Results from the Public Debt Management Agency’s Tuesday, Oct. 27, auction show Greece’s 13-week bill coverage ratio fell to 2.50 as the weighted average yield rose to 2.44%, with €500 million accepted.
The agency offered €400 million, and bids reached €1.001 billion. Greece accepted €500 million at the Oct. 7 auction as well, when bids totaled €1.061 billion and the coverage ratio was 2.65. The latest ratio indicates bids were lower relative to the amount initially offered. The weighted average price also declined to 99.386 from 99.402 at the prior sale.
The Ministry of Economy and Finance set Oct. 30 for settlement and Jan. 29, 2027, for maturity in its auction notice. The Public Debt Management Agency’s issuance calendar lists Nov. 25 as the date for Greece’s next auction, which will offer 26-week bills.
