Greece raises 812.5 mln euros in treasury bills sale at negative yield

Source: Xinhua| 2019-12-05 01:26:55|Editor: yan
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ATHENS, Dec. 4 (Xinhua) -- Greece on Wednesday raised 812.5 million euros (900 million U.S. dollars) in the latest treasury bills auction at negative yield, the country's Public Debt Management Agency (PDMA) announced.

The 26-week treasury bills were sold at a -0.02 percent yield, down from zero percent in the previous similar auction held on Oct. 30 this year, according to an e-mailed PDMA press release.

Since October this year, Greece borrows money with a negative interest rate for the first time in decades.

Greece exited the last of the bailout programs in August 2018. Shut out of the bond markets since 2010 after the start of the debt crisis, the country is gradually returning to the markets.

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