Athens is preparing to “test the waters” of the markets once more with a new three-month treasure bill issue, after the recent three-year bond failed to yield the expected sum and interest rate.
Sources from the Ministry of Finances stress that the new bond issue will without a doubt succeed in yielding the 1.25 billion euros and favorable interest rate the government is aiming for, adding that it will help overturn the negative climate.
Over the next month the government will have to pay off debts worth 6.7 billion euros, with over half (3.9 billion euros) being in the form of bonds held by the ECB.
