Greece Sells EUR1.32B Of 4.60% Bond Due 2013;Yield 4.41%
Greece Sells EUR1.32B Of 4.60% Bond Due 2013;Yield 4.41%
18/11/2003 15:53
Greece raised EUR1.32 billion via the reopening of its 4.60% bond issue due May 2013, the public debt-management agency said Tuesday.

The auction produced a weighted average yield of 4.41% and it was priced at 101.384. The cut-off price stood at 101.330.

Total bids amounted to EUR4.235 billion, setting the bid-to-cover ratio at 3.85 on the initially offered amount of EUR1.1 billion.

Settlement will take place Nov. 21.

The government may accept additional non-compettive bids of up to 20% of the auctioned amount until Thursday.

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