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Greece raises 1.1 bn euros at higher rate: debt agency

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Greece on Wednesday raised 1.138 billion euros (S$1.72 billion) in six-month treasury bills as it raced to gather funds for debt repayments this month, but paid higher rates.

[ATHENS] Greece on Wednesday raised 1.138 billion euros (S$1.72 billion) in six-month treasury bills as it raced to gather funds for debt repayments this month, but paid higher rates.

The Greek debt management agency said interest to investors had increased to an average 2.97 per cent from 2.75 per cent in an equivalent sale last month.

Wednesday's issue had originally aimed to raise 875 million euros.

Greece needs to find over 6.0 billion euros by the end of the month to redeem maturing treasury bills and repay loans received from the International Monetary Fund.

AFP

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