ECONOMY

Interest rate of 1-year T-bills drops close to zero

interest-rate-of-1-year-t-bills-drops-close-to-zero

The Public Debt Management Agency on Wednesday auctioned 52-week treasury bills worth a total of 812.5 million euros at the considerably reduced interest rate of 0.07 percent, from 0.29 percent three months earlier.

The original 625-million-euro issue was oversubscribed 1.81 times, up from 1.59 times on September 11, the PDMA said.