Greece Raises 1.3 Billion Euros from T-bill Auction

Greece Raises 1.3 Billion Euros from T-bill Auction

Greece on Tuesday successfully auctioned a three-month Treasury bill issue draining 1.3 billion euros from the market at a slightly lower interest rate.
The Public Debt Management Organization, in an announcement, said that bids submitted totaled 2.505 billion euros, or 2.51 times more than the asked sum, while the interest rate of the issue was set at 1.70 pct, from 1.75 pct in the previous auction of same issue in August 12. The organization said it will also accept non-competitive bids up to 30 pct of the asked sum by Thursday, 18 September.

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