Greece raises 812.5 mln euros in treasury bills sale

Source: Xinhua| 2019-07-31 23:40:21|Editor: yan
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ATHENS, July 31 (Xinhua) -- Greece raised on Wednesday 812.5 million euros (901.88 million U.S. dollars) in the latest six-month treasury bills auction, according to an announcement by the Public Debt Management Agency (PDMA).

The 26-week treasury bill were sold at 0.15 percent yield, down from the 0.23 percent at the previous similar auction conducted on July 3, according to the e-mailed PDMA press release.

The total bids reached 1,567 million euros and the amount finally accepted was 812.5 million euros.

Primary Dealers can additionally submit non-competitive bids up to 30 percent of the amount initially auctioned until August 1, while the settlement date is set for August 2.

Debt-ridden Greece was shut out of international markets in 2010. Since then PDMA has been selling mainly three-month and six-month treasury bills each month to cover the country's financing needs, in parallel with the Greek bailout programs.

Last August, Greece exited the third bailout program which helped avert bankruptcy and is gradually returning to the markets.

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