Date
3/15/2018 3:37:55 AM
(MENAFN) Greece raised 812.5 million euros through an auction of 52-week treasury bills on Wednesday, which is the first such sale after eight years, with the total bids close to 2 billion euros.
The submitted bids were 3.18 times more than the asked sum and the interest rate of the issue was set at 1.25 percent.
In the past eight years, as the country has been excluded from international markets, the PDMA has been selling three-month and six-month treasury bills each month to cover maturing debts to meet its financing needs, in parallel with the Greek bailout programs.
The country is likely to fully return to the markets this year when the current third bailout program expires this summer.
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