Greece's borrowing rate drops in short-term debt sale

AP reports from Athens that Greece’s government borrowing rates have continued to drop ahead of an expected bond market test in early February.

The country’s Public Debt Management Agency noted an auction Tuesday raised 812.5 million euros ($1 billion) from the sale 26-week treasury bills at a rate of 1.13 percent.

The rate was down from 1.65 percent in an auction on January 3. It had been as high as 4.96 percent in June 2011.

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

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

Source: thenationalherald.com

 

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