Greece Issues €1.6B Treasury Bills

Greece has raised €1.6 billion in a sale of treasury bills.

Greece has raised €1.6 billion in a sale of treasury bills, The Wall Street Journal reports. The six-month bills were sold by Greece’s Public Debt Management Agency at a yield of 4.75%. Greece has already raised €4.16 billion in treasury-bill auctions in the first two months of this year. Monthly treasury-bill auctions are mandatory under the International Monetary Fund and European Union €110 billion bailout agreement.

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