Greece raises 812.5 mln euros in treasury bill sale

Greece raised 812.5 million euros (918.13 million U.S. dollars) on Wednesday in a 52-week treasury bills sale, the country’s Public Debt Management Agency (PDMA) said.

The treasury bills were sold at 0.47 percent yield, down from 0.95 percent from the previous similar auction conducted on March 13 this year, read the e-mailed PDMA press statement.

Debt-ridden Greece was shut out of international markets in 2010. Since then PDMA has been selling mainly three-month and six-month treasury bills each month to cover the country’s financing needs, in parallel with the Greek bailout programs.

Last August, Greece exited the third bailout program which helped avert bankruptcy and is gradually returning to the markets. (1 euro=1.13 U.S. dollars)