Greece sells 1.3 bln eur 6-month T-bills, yield falls to 1-yr low

ATHENS, Oct 9 (Reuters) - Greece sold 1.3 billion euros($1.69 billion) of six-month T-bills on Tuesday, with the yieldslightly falling from a previous auction in September to itslowest level in more than a year, debt agency PDMA said.

The sale's bid-cover ratio was 1.60, down from 1.95 in theSept. 4 auction. Greece paid a yield of 4.46 percent, 8 basispoints less than in the previous sale and its lowest level sinceAugust 2011, according to PDMA data.

Monthly T-bill sales are Greece's sole source of marketfunding to roll over previous debt issues. Greek bankstraditionally buy the bulk of the T-bill issues, meaning fundingcosts do not fully reflect strains from the country's debtcrisis.($1 = 0.7711 euros)

(Reporting by Lefteris Papadimas; writing by HarryPapachristou)

((harry.Papachristou@thomsonreuters.com; +30 210 33 76 455 or+30 6949 440 106; Reuters Messaging:harry.papachristou@thomsonreuters.com@reuters.net))


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