Tuesday, February 12, 2013 7:20 am
Greece raises 1.3 billion euros in T-Bill auction
The Associated Press
The Public Debt Management Agency said the 13-week bonds were sold Tuesday at an interest rate of 4.05 percent, compared with 4.07 percent paid at a Jan. 15 auction.
Greece has been relying on emergency loans from other eurozone countries and the International Monetary Fund since losing access to long-term debt markets in 2010 but it has maintained a market presence with regular Treasury bill auctions.
Tuesday's sale was oversubscribed 1.76 times.