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Greece sells treasury bills at lower interest rate

Xinhua,May 09, 2018 Adjust font size:

by Maria Spiliopoulou

ATHENS, May 9 (Xinhua) -- Greece sold 1.138 billion euros (1.35 billion US dollars) in an auction of three- month treasury bills on Wednesday, the Greek Public Debt Management Agency (PDMA) said.

The 13-week treasury bills were sold at an interest rate of 0.59 percent, down from 0.79 percent of the previous similar auction last month, according to the e-mailed PDMA statement.

The result reflects a positive climate prevailing in capital markets on Greek securities, Greek national news agency AMNA noted.

Shut out of international markets since 2010, Greece runs a monthly treasury bill auction program to cover maturing debts and meet its financing needs, in parallel to the bailout program.

The debt-ridden country is expected to fully return to the markets in 2018 when the current third bailout program ends. (1 euro=1.19 U.S. dollars) Enditem

 

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