Greece raises 487.5 mln euros in treasury bills auction

Source: Xinhua | 2020-01-09

Greece auctioned 13-week treasury bills on Wednesday, raising 487.5 million euros (541.13 million U.S. dollars) at negative yield, the country's Public Debt Management Agency (PDMA) said.

The bills were sold at a -0.08 percent yield, unchanged from the previous similar auction held on Nov. 6, 2019, according to an e-mailed PDMA press release.

In October 2019, the country borrowed money with a negative interest rate for the first time in decades.

Greece exited the last of the bailout programs in August 2018.

Shut out of the bond markets since 2010 after the start of the debt crisis, the country is gradually returning to the markets. (1 euro = 1.11 U.S. dollars)