Greece auctions 927.2 mln USD treasury bills

Greece auctioned 13-week treasury bills of total value of 812.5 million euros (927.2 million U.S. dollars), the country's Public Debt Management Agency (PDMA) announced on Wednesday.

The bills were sold at 0.5 percent yield, down from 0.67 percent from the previous similar auction conducted on Jan. 9 this year, according to the e-mailed PDMA press statement.

Since 2010 when debt ridden Greece was shut out of international markets, the 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 and is gradually returning to the markets.

Last week the country raised 2.5 billion euros from its first post-bailout five-year bond issue with a yield of 3.6 percent. (1 euro= 1.14 U.S. dollars)

(ASIA PACIFIC DAILY)