Public Debt Management Agency

State plans to collect more from T-bills

The Public Debt Management Agency (PDMA) will this week attempt to raise the sum of its treasury bill issues, a plan which forms part of the Finance Ministry's new strategy to replenish the cash the government is drawing from its safety cushion, so as to delay or even avoid taking recourse to the European Stability Mechanism's credit line altogether.

T-bills auctioned at an increased yield

The Public Debt Management Agency (PDMA) announced Wednesday it auctioned 52-week treasury bills worth 375 million euros and raised 487.5 million with a coverage ratio of 1.85 percent and interest of 0.24 percent, up from 0.07 percent in the previous one-year T-bill auction on December 11, 2019.
The new T-bills mature in March 2021 and the settlement date is tomorrow.