Greece auctions 1.46 bln USD of treasury bills

Source: Xinhua| 2019-12-31 22:30:27|Editor: yan
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ATHENS, Dec. 31 (Xinhua) -- Greece raised 1.3 billion euros (1.46 billion U.S. dollars) in the last treasury bill auction for 2019 at zero yield, the country's Public Debt Management Agency (PDMA) said on Tuesday in a statement.

The 26-week treasury bills were sold at zero percent compared to minus 0.02-percent yield in the previous similar auction held on Dec. 4, according to the statement.

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

The debt-laden country exited the bailout era in August 2018, after depending on three programs since 2010 to tackle a serious debt crisis which brought it at the brink of bankruptcy.

Shut out of the bond markets since 2010, Greece is gradually returning to the markets.

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