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Greece raises 1.625 bln euros in latest treasury bills sale
Last Updated(Beijing Time):2012-04-17 18:44

Greece raised on Tuesday a further 1.625 billion euros (2.14 billion U.S. dollars) in the latest treasury bills sale, the Public Debt Management Agency (PDMA) announced.

The 13-week treasury bills were sold at an interest rate of 4.20 percent, marginally lower than the 4.25 percent secured in a similar auction on March 20, PDMA officials noted.

The agency had aimed to raise 1.25 billion euros (1.64 billion U.S. dollars) during Tuesday's sale of three-month treasury bills, but the demand was stronger and therefore accepted more bids.

The debt-ridden country depends on multi-billion euro rescue loans from European Union and International Monetary Fund over the past two years to avoid a disorderly default and in parallel runs a monthly treasury bills sale program to meet its financing needs.

Source:Xinhua 
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