Athens sells T-bills at lower yield

Kathimerini English - - Focus -

Greece yes­ter­day raised 1.625 bil­lion eu­ros in the lat­est six-month trea­sury bills auc­tion, ac­cord­ing to an an­nounce­ment by the Public Debt Man­age­ment Agency (PDMA). The T-bills were auc­tioned at a 2.78 per­cent in­ter­est rate, down from 2.97 per­cent at the pre­vi­ous sim­i­lar sale car­ried out in June, the agency stressed. The auc­tion came as Athens awaits the dis­burse­ment of the next bailout tranche fol­low­ing the agree­ment achieved last month with in­ter­na­tional lenders for the con­clu­sion of the sec­ond re­view of the third Greek bailout pro­gram, and the next steps for­ward.

Con­tra­band loss. The state missed out on 600 mil­lion eu­ros in rev­enues due to il­le­gal cig­a­rette sales in 2016, with Greece rank­ing sec­ond in the Euro­pean Union in con­sump­tion of con­tra­band cig­a­rettes ac­cord­ing to a Royal United Ser­vices In­sti­tute study. Still, con­sump­tion of il­le­gal cig­a­rettes fell 12 per­cent from 2015 in Greece.

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