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:email@example.com@reuters.net))
Keywords: GREECE TBILLS/