The Public Debt Management Agency announced on Wednesday that during the auction of EUR 1,000 million of 13W T-Bills conducted today, the amount finally accepted was EUR 1.3 billion euros.

PDMA noted that the interest rate of the issue was set at 1.90% from 1.80% of the previous auction of same issue in December 10.

Bids submitted totaled 1.925 billion euros, 1.93 times more than the asked sum.

The auction was made with the market’s primary dealers and settlement date was set for Friday, 19 December.

The organization will also accept non-competitive bids up to 30% of the amount initially auctioned until December 18, 2014 (12 p.m local time).