| Greece raises further $1.7b from treasury bill sale |
| Last Updated(Beijing Time):2012-02-15 08:22 |
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Greece raised further 1.3 billion euros (1.7 billion U.S. dollars) on Tuesday in the latest 13-week treasury bill sale, the Public Debt Management Agency (PDMA) announced.
The three-month bills auctioned were sold at an interest rate of 4.61 percent, down from 4.64 percent in a similar sale on Jan. 17.
PDMA officials had set a target for 1 billion euros, but the demand was strong.
Tuesday's sale came after the Greek parliament approved on Monday a fresh set of painful austerity measures linked to a new international bailout program to avert a devastating Greek financial meltdown in March.
Debt-ridden Greece relies on the European Union (EU)/International Monetary (IMF) aid since 2010 to cover its financing needs. In addition, the country runs a supplementary monthly treasury bills sale program.
Without the second 130-billion-euro rescue loans package, Athens will not be able to repay 14.5 billion euros maturing on March 20. (1 euro = 1.3 U.S. dollars) |
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