Finance News

Greece raises 1.3 bln euros in 3-month treasury bills sale

Greece raised 1.3 billion euros (1.6 billion U.S. dollars) in an auction of treasury bills on Wednesday, the Greek Public Debt Management Agency (PDMA) said.

The three-month treasury bills were sold at an interest rate of 1.05 percent up from the 0.99 percent of the previous similar sale in February, according to an e-mailed press announcement.

Shut out of international markets since 2010, the debt-laden country runs a monthly treasury bill auction program to cover maturing debts and meet its financing needs, in parallel to the bailout program.

Greece is expected to fully return to the markets in 2018 when the current third bailout program ends. (1 euro = 1.24 U.S. dollars)

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