ATHENS, July 8 (AFP): Greece on Tuesday raised 1.625 billion euros ($2.2 billion) with a sale of six-month treasury bills, paying slightly lower interest in an oversubscribed sale.
"Total bids reached 3.322 billion euros and the amount finally accepted was 1.625 billion euros," the debt agency said in a statement.
The interest rate slipped to 2.05 per cent from 2.15 per cent in an equivalent sale in June, the agency said.
The bond issue came amid expectations of a new bid to raise funds later this year, following a successful market test with a five-year bond sale in April.
Local media have reported that Greece, bailed out by the European Union and the International Monetary Fund in 2010, will next issue a three-year or a seven-year bond.
In April, the finance ministry had said that it was "processing and preparing a programme for the possibility of a new recourse to markets for a sum of 3.0-6.0 billion euros" in the next 12 months.
No further details have been given since.
Greece raises $2.2b at lower rate
FE Team | Published: July 09, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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