Greece raises 813 mln euros in treasure bills auction

Greece managed to raise 813 million euros (1.27 billion U.S. dollars) from a new auction of six-month treasury bills on Wednesday, the Public Debt Management Agency (PDMA) announced.

The T-bills were priced to yield 2.97 percent, unchanged from the previous similar sale of July 8, while the bid-cover ratio remained stable at 1.3.

Greece accepted non-competitive offers worth 188 million euros. The final settlement date for the T-bill auction is August 7.

Shut out of international markets since 2010, Greece runs a monthly Treasury bill sales program as the only source of funding to meets its financing needs.

Greece's government continued crucial talks with creditors' envoys in Athens on Wednesday, in order to secure a third multi-billion loan to stave off financial insecurity and collapse.

Athens hopes to have a sealed deal by Aug. 20 when it needs to repay a loan installment to the European Central Bank.

During a visit to the Ministry of Agricultural Development, Prime Minister Alexis Tsipras reassured on Wednesday that the deal would put an end to uncertainty, but recognized that they are forced to implement painful policies not of their choice.

"We must create roads ever where there are none and do everything possible to create the conditions of social justice, so that all social groups may secure their incomes," Tsipras pointed out. Endit