Greece raises 1.13 bln euros in latest treasury bills sale

Source: Xinhua| 2017-08-30 20:40:51|Editor: Song Lifang
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ATHENS, Aug. 30 (Xinhua) -- Greece raised 1.138 billion euros (1.36 billion U.S. dollars) on Wednesday during the latest six-month treasury bills sale, Greek national news agency AMNA reported, citing the Greek Finance Ministry.

The treasury bills were sold at a 2.4 percent interest rate, down from the 2.5 percent in the previous similar sale held a few weeks ago, according to the Public Debt Management Agency (PDMA).

Greece runs a monthly treasury bill auction in parallel with the bailout programs launched in 2010 in order to cover its financing needs.

On July 25, the debt-laden country made a successful first test return to bond markets in three years.

Greece remains shut out of international bond markets since 2010, and the Greek government and foreign lenders expect it to fully return to the markets in 2018 when the current bailout program ends. (1 euro = 1.19 U.S. dollars)

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