ECONOMY

Greece sells 1.138 billion euros of T-bills

Greece sells 1.138 billion euros of T-bills

Greece sold 1.138 billion euros in an auction of three-month treasury bills on Wednesday, the Greek Public Debt Management Agency (PDMA) said.

The 13-week treasury bills were sold at an interest rate of 0.59 percent, down from 0.79 percent in the previous similar auction last month, according to the e-mailed PDMA statement.

The result reflects a positive climate in capital markets as regards Greek securities.

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

The debt-ridden country is expected to fully return to the markets in 2018, when the current third bailout program ends.

[Xinhua

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.