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Greece borrowing rate dips in $2.3B debt sale

Greece borrowing rate dips in $2.3B debt sale

Greek financial authorities say they have raised (EURO)1.63 billion ($2.3 billion) through a sale of 13-week treasury bills at a lower interest rate than last month.
The public debt management agency said the bills were sold Tuesday at a yield of 4.06 percent, down slightly from the previous rate of 4.10 percent at an April 19 auction.
The agency says Tuesday's auction was more than three times oversubscribed.
European officials in Brussels this week have asked Athens to increase the pace of privatizations to ease its debt burden. They also acknowledged that they have discussed the possibility of extending the maturity on Greece's outstanding bond repayments, though some officials remain opposed to the idea.


Updated : 2021-07-29 08:14 GMT+08:00