Greece raises more than 1 bln euros in new treasury bill auction

Greece raised 1.138 billion euros (1.24 billion U.S. dollars) from a new auction of six-month treasury bills on Wednesday, the Public Debt Management Agency (PDMA) announced.

The Treasury bills auctioned were sold at an interest rate of 2.97 percent, unchanged from the previous similar auction last month.

As Athens faces the risk of running out of cash in coming weeks, the treasury bills auctions have become the key source of funding to meet its financing needs in April.

Wednesday's auction was conducted as a new Eurogroup Working Group meeting convened to try to pave the way for the approval of Greece's reform list by the Eurogroup later in April and the release of further funding to Athens. Endit