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Greece raises 1.7 bln USD in treasury bill auction

English.news.cn   2012-09-18 23:58:10            

ATHENS, Sept. 18 (Xinhua) -- Greece raised 1.3 billion euros (1.7 billion U.S dollars) in a three-month treasury bill auction on Tuesday at a marginally lower interest rate compared to a previous similar sale, the country's Public Debt Management Agency (PDMA) said.

PDMA secured a 4.31 percent interest rate for the 12-week treasury bills which is 12 basis points less than in the previous auction in August.

Debt-laden Greece launched a monthly treasury bills sale program to raise funds alongside the multi-billion euro rescue loans deals secured since 2010 by European Union and International Monetary Fund (IMF) to cover its financial needs after being shut out of international markets.

Athens is negotiating a fresh 11.5 billion euros austerity package in return for 31.5 billion euros in bailout funds by November to stave off a financial meltdown and a potential exit from the European currency zone.

Until July 2012, Greece received 75.6 billion euros of aid from the support mechanism set up in 2010, according to figures released on Tuesday by the Central Bank of Greece.

Since May 2010, Greece has been granted a total of 144.5 billion euros from international creditors, the press release said.

Editor: yan
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