News Column

Greece sells six-month treasury bills worth 1.1 bln euros

September 2, 2014

ATINA (CIHAN)- Greece sold 1.1 billion euro (1.44 billion U.S dollars) worth of six-month treasury bills on Tuesday as part of its regular monthly treasury bills auction program, the Public Debt Management Agency (PDMA) said.

According to the announcement, the treasury bills were priced to yield 2 percent, marginally lower than a 2.02 percent achieved in the previous similar sale in August.

Since its shutdown from international funding markets in 2010, debt-laden Greece relies on bailout aid from the International Monetary Fund and the European Union to avoid default and cover its financing needs.

In parallel, despite the gradual return to markets with the issuance of three-year and five-year bonds this year, Athens runs a monthly treasury bills auction program to raise supplementary financing. (Cihan/Xinhua)


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Source: Cihan News Agency (Turkey)

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