ECONOMY

Three-month T-bills sold at an unchanged rate

Three-month T-bills sold at an unchanged rate

Greece sold nearly 1.14 billion euros worth of treasury bills on Wednesday, the Greek Public Debt Management Agency (PDMA) announced.

The three-month T-bills were sold at an interest rate of 0.99 percent, which remained unchanged from the previous auction in January.

Shut out of international markets since 2010, the debt-laden country runs a monthly treasury bill auction program to cover maturing debts and meet its financing needs, in parallel to the bailout program.

Greece is expected to fully return to the markets in 2018 when the current third bailout program ends.

[Xinhua]

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