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Greece raises $1.27 billion in treasury bills sale

Staff Writer |
Greece raised on Wednesday 1.14 billion euros ($1.27 billion) in the latest six-month treasury bills auction, according to the Public Debt Management Agency (PDMA).

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The T-bills were priced to yield 2.97 percent, unchanged from the previous similar sale carried out on August 3, when PDMA raised 812 million euros.

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

In the new round of negotiations with lenders on the the release of further rescue loans to the debt-ridden country this week, Greek Prime Minister Alexis Tsipras has expressed confidence Greece can return to the international markets in 2017.

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