Greek T-bill auction raises €812.5 mln

The Public Debt Management Agency successfully auctioned 26-week treasury bills on Wednesday and raised 812.5 million euros.

The total bids amounted to €1.54 billion for a cover ratio of 2.46, down from 2.66 in the previous such auction on December 28, 2022.

The yield eased to 2.40%, from 2.50% last month.

The T-bills will mature on July 28.

Greek Public Debt Management Agency (PDMA) reissues 5-year bond

On October 25, 2022, the Hellenic Republic (HR) will proceed with an auction for the re-opening of the GGB 3month Euribor +1.23% per annum, with maturity December 15, 2027, in book entry form, ISIN GR0514024216, according to the Public Debt Management Agency (PDMA)

The amount to be auctioned is 750 million euros and settlement date is November 2, 2022 (T+5).

Christie’s to auction Allen’s $1bn-plus art collection

Christie's has announced plans to auction the art collection of late Microsoft co-founder Paul Allen, which it estimated to be worth more than $1 billion.

The November sale of more than 150 pieces spanning 500 years of art will be "the largest and most exceptional art auction in history," Christie's said in a statement.

Regulation on car sales cap comes into force

A regulation imposing restrictions on the sale of second-hand cars to rein in a surge in vehicle prices has been published in the Official Gazette.

According to the new rules, those who engage in the trade of second-hand cars will not be able to sell their vehicle for six months from the first date of registration of the vehicle or until the car covers at least 6,000 kilometers.