Greece sells T-bills with negative interest first time in its history

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Greece sells T-bills with negative interest first time in its historyYet another proof of the climate of credibility prevailing in international markets concerning the Greek economy, after the 1.5 pct yield set in a reopening of a 10-year Greek state bond on Tuesday

Greece borrowed money with a negative interest rate for the first time ever during Wednesday's three-month T-bill auction, according to ANA.

The Public Debt Management Authority, in an announcement, noted that the interest on the auction was set at -0.020 pct, with the Greek state raising 487.5 million euros from the market. Bids were 2.71 times more than the asked sum.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Europa credito urgente

 

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