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Greece raises 1.88 bln USD in treasury bills auction
Last Updated: 2018-12-06 11:00 | Xinhua
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Greece has raised 1.66 billion euros (1.88 billion U.S. dollars) in a 26-week treasury bills auction, the country's Public Debt Management Agency (PDMA) announced on Wednesday.

The treasury bills were sold at 0.9 percent yield, increased by 0.5 percent from the previous similar auction conducted in October, according to the e-mailed PDMA press statement.

In the past eight years, as the country has been shut out of international markets, the PDMA has been selling three-month and six-month treasury bills each month to cover maturing debts to meet its financing needs, in parallel with the Greek bailout programs.

On Aug. 20 this year, Greece exited the third bailout program which helped keep it afloat and in the euro zone, and prepare its full return to the markets in coming months, according to officials from the Greek Ministry of Finance.

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