Greece raises $942m in treasury bills auction

05 Sep,2018

Greece raised on Wednesday €812.5 million (942 million US dollars) in a 13-week treasury bills auction, the Public Debt Management Agency (PDMA) announced.

The three-month treasury bills were sold at 0.65 per cent yield, unchanged from the previous similar auction carried out in August, according to an e-mailed PDMA press statement.

The debt-ridden country has conducted a monthly treasury bill auction programme to cover maturing debts and meet its financing needs since it was shut out of international capital markets in 2010.

On Aug. 20 this year Greece exited the third bailout programme which helped keep her afloat and in the euro zone over the past eight years and prepares its full return to the markets in coming months.

(1 euro=1.16 US dollars)

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