Foreign investors take up a quarter of Greek T-bills

FOREIGN investors bought about 27 per cent of Greece’s issue of six-month T-bills auctioned yesterday, said the head of the country’s debt agency.

“Foreign take up was constant at about 27 per cent,” PDMA chief Petros Christodoulou said.

Greece sold €1.17bn (£1.03bn) of six-month T-bills at an average yield of 4.54 per cent, down from 4.82 per cent in a previous 14 September sale.

Germany yesterday opposed extending Greece’s repayment period for its bailout loans and the European Union’s executive played down the prospects of doing so after the International Monetary Fund (IMF) suggested it was possible to stretch the deadline.