Financial News: Greece raises 1.625 bln euros from 26-week T-bill auction

Greece raised 1.625 billion euros on Tuesday from an auction of 26-week treasury bills, with an interest rate of 4.75 percent (up from 4.64 percent of the previous such auction).

Total offers reached 4.485 billion euros, thereby over-subscribing the issue by 3.59 times. The auction was held through primary dealers, with the settlement date being Friday, March 11, 2011, according to the Public Debt Management Organisation.

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