Greece raises 487.5 mln euros in treasury bills sale

0 Comment(s)Print E-mail Xinhua, February 6, 2020
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ATHENS, Feb. 5 (Xinhua) -- Greece raised 487.5 million euros (536.25 million U.S. dollars) in a treasury bills sale at negative yield on Wednesday, the country's Public Debt Management Agency (PDMA) said.

The 13-week treasury bills were sold at minus 0.1 percent yield compared to minus 0.08 percent in the previous similar sale in January this year, according to an e-mailed press statement.

Since autumn 2019, Greece has been borrowing money with negative interest rates for the first time in decades.

In August 2018, the country exited the bailout programs era, which had started in 2010 when debt-ridden Greece was shut out of bond markets.

Since 2018, the economy has been gradually returning to markets. (1 euro = 1.10 U.S dollars) Enditem

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