Greece on Tuesday raised 1.625 billion euros in a debt auction, its first since getting bailed out in May, which attracted strong investor interest. The country’s Public Debt Management Agency said the sale of 26-week treasury bills was oversubscribed 3.64 times, at an interest yield of 4.65% (4.55% from debt auction on April, 13). The auction attracted total subscriptions mounting to 4.546 billion euros that overcovered the sum of 1.25 billion euros.
The debt agency said the final amount taken was 1.625 billion euros, after it accepted an additional 375 million euros in non-competitive bids for the auction of 1.25 billion euros.
The sale of treasury bills was oversubscribed 3.64 times. Apart from Greek banks some 10 foreign banks bought Greek state treasury bills.
The Greek State can accept a further 375 million euros in non-competitive bids till Thursday, July, 15.
People can have access to state bonds which are relieved from tax if held till expiration date. Public Debt Management Agency has announced the sale of 3-month treasury bills on July, 20.
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