Greece sells 26-week treasury bills for 1.625 billion euros

By @ibtimes on

Greece sold 26-week treasury bills with a yield of 4.88%, little bit higher than the prior yield of 4.8% recorded at April 12 auction, to gather 1.625 billion euros. Demand was higher at 3.58 times relative to the prior of 3.81 times.

The selling came one day after S&P downgrade to the country's credit rating to become just one notch below the lowest rating.

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