Summary Govt raised 1.625 bn euros in six-month bills, 1.3 bn in three-month bills at stable interest
ATHENS (AFP) - Greece on Wednesday raised nearly 3.0 billion euros ($3.4 billion) in treasury bills amid critical talks on its EU-IMF bailout, the debt management agency said.
The government raised 1.625 billion euros in six-month bills and another 1.3 billion in three-month bills at stable interest.
The entirety of offers were accepted, as Greece in June must redeem 5.2 billion euros in treasury bills coming to maturity.
Greece is in a race against time to secure a new loan deal with its EU-IMF creditors by the end of June, before its existing multi-billion bailout expires.
Failure to agree will see Greece fail to get 7.2 billion euros in promised loans and could lead to a debt default and a messy exit from the eurozone.
The radical left government in Athens, elected in January on an anti-austerity ticket, has submitted a series of alternative reform proposals to the creditors.
But the EU scathingly rejected Athens s new bailout reform plan Wednesday, throwing into doubt a crunch meeting between Greek Prime Minister Alexis Tsipras and the leaders of Germany and France aimed at ending the crisis.
