Greece raised €1.95 billion at a 4.9% interest rate today by selling six-month Treasury bills, the debt management agency said, below the 5% rate Athens borrows from the EU.
The issue, which had an original target of €1.5 billion, was subscribed more than three times over, the PDMA agency said in a statement.
The rate was slightly higher than the last equivalent treasury bill issue in October which sold at 4.82%, but with the significantly lower amount of €390m.
With Athens returning to the international markets for the first time this year, the government achieved its objective of borrowing a significant amount below the 5% rate or so it has to pay the European Union for a multi-billion rescue package given in May.
