Greece on Tuesday successfully auctioned a six-month Treasury bills issue, raising 390 million euros from the market at a lower interest than the previous issue.

A Finance ministry announcement said the issue was 4.54 times oversubscribed, with bids totalling 1.363 billion euros, while the interest was set at 4.64 pct, down from 4.9 pct in the previous auction of six-month Treasury bills in January.

The head of Greece's Public Debt Management Organisation Petros Christodoulou said foreign investors covered 80 pct of Tuesday's auction, up from 37 pct of the previous auction, evidence of increased confidence in the Greek economy.

In comments made to Reuters, Christodoulou said the country was receiving positive messages from the market for the second month in a row.

Greece will auction a three-month Treasury bills issue next Tuesday.