Greece today paid sharply lower rates to raise €1.3 billion in a sale of six-month treasury bills, the debt management agency said.
"Total bids reached €2.62 billion and the amount finally accepted was €1.30 billion," the agency said, with the interest paid to investors 4.55%.
This is down from 4.80% at the last equivalent sale on March 6 which had raised €1.14 billion.
The auction is Greece's second since a landmark exchange and writedown with private creditors last month to erase €107 billion from the country's short- and medium-term debt.
Greece has already exchanged over €94.8 billion in debt issued under Greek law and will add another €20.27 billion in bonds and state utility loans guaranteed by the government under foreign law. Remaining bondholders have been given until April 20 to join the operation.
The debt rollover, supported by a global bank association, was tied to a €130 billion bail-out approved by the euro zone in February.
The International Monetary Fund last week also decided on a new €28 billion loan for Greece, payable over four years.
Greece has a public debt of over €350 billion and was forced to seek a first EU-IMF bail-out in May 2010 when it could no longer raise funding at sustainable rates on the markets to cover its obligations.
