Greece sells 1.3 bln euros in treasury bills auction at lower interest rate

Source: Xinhua| 2017-09-06 19:29:57|Editor: liuxin
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ATHENS, Sept. 6 (Xinhua) -- Greece sold 1.3 billion euros (1.5 billion U.S. dollars) on Wednesday in the latest three-month treasury bills auction, Greek national news agency AMNA reported, citing the Greek Finance Ministry.

The treasury bills were sold at a 1.9 percent interest rate, down from the 1.95 percent in the previous similar sale in August, according to the Public Debt Management Agency (PDMA).

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

The debt-ridden country is shut out of international bond markets in the past seven years.

Athens and its foreign lenders expect that Greece will fully return to the markets in 2018 when the current bailout program ends. (1 euro=1.19 U.S. dollars)

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