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

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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