Greece’s Public Debt Management Agency has raised €1.625 billion through the sale of 13-week Treasury bills, The Wall Street Journal reports. The debt agency issued €1.25 billion in T-bills and also offered a 30% non-competitive tranche above the offer size.

The yield on the T-bill sale was 4.1% as compared to the 3.85% paid at the agency's previous tender on Feb. 15, 2011. The bid-to-cover ratio for the debt issue was 3.45 as compared with 5.08 at the previous tender.

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