Greece raises 487.5 mln euros in treasury bills sale

0 Comment(s)Print E-mail Xinhua, April 1, 2020
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ATHENS, April 1 (Xinhua) -- Greece auctioned 26-week treasury bills on Wednesday, raising 487.5 million euros (531.4 million U.S. dollars), the country's Public Debt Management Agency (PDMA) announced.

The bills were sold at 0.3 percent yield, up from -0.05 percent yield recorded in the previous similar auction held on Feb. 26, according to an e-mailed press release.

In October 2019, the country borrowed money with a negative interest rate for the first time in decades.

Greece exited in August 2018 the last of its three bailout programs implemented since 2010 to address a severe debt crisis.

The country is gradually returning to the markets. (1 euro = 1.09 U.S. dollars) Enditem

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