Short-term borrowing cost drop 47 basis points in Q4, PDMO says

By Stelios Orphanides

The government saw the average cost of short term borrowing drop 47 basis points in the fourth quarter of 2014, the public debt management office said.

Total issuance of short term securities, including rollovers, was 869 million euros, the PDMO, which is a unit of the finance ministry, said in an emailed statement today.