Greece raises €1.625 billion in treasury bill auction, sees borrowing cost fall slightly

Greece says it has raised €1.625 billion ($2.07 billion) in the sale of 26-week treasury bills, at a marginally lower interest rate than a similar auction last month.

The country's debt management agency said Tuesday's sale was 2.8 times oversubscribed and carried a yield of 4.9 per cent, marginally down from the 4.95 per cent yield in the December auction. The country had originally been seeking to raise €1.250 billion.

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AP