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GreekReporter.comGreek NewsEconomyLatest Greek Treasury Bills Sale Secures €1.13 Billion

Latest Greek Treasury Bills Sale Secures €1.13 Billion

The Greek government raised 1.138 billion euros (1.36 billion U.S. dollars) on Wednesday during the latest six-month treasury bills sale, the Greek Finance Ministry announced.
The T-bills were sold at a 2.4% interest rate, down from the 2.5% in the previous similar sale held a few weeks ago, according to the Public Debt Management Agency (PDMA).
Greece runs a monthly treasury bill auction in parallel with the three bailout programs launched between 2010 and 2015, in order to cover its financing needs.
On July 25, the country made a successful first test return to bond markets in three years.
Greece remains shut out of international bond markets since 2010, and the Greek government and foreign lenders expect it to fully return to the markets in 2018 when the current bailout program ends, although analysts find the estimate quite optimistic.

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