Greece successfully raised €600 million in a 26-week treasury bill auction conducted on Wednesday, according to an announcement by the Public Debt Management Agency (PDMA).

The auction yielded a return of 2.45 per cent, marking a decline from the 2.61 per cent return recorded in December’s corresponding auction.

What is more, the total amount of bids submitted came up to €1.178 billion, exceeding the target amount by 2.36 times.

The auction was conducted through the Primary Dealers system, with the settlement date set for Friday, January 24, 2025.

In addition, accepted offers included the entire auctioned amount of €500 million, alongside non-competitive bids totalling €100 million.

It was further announced that no additional non-competitive bids will be accepted on Thursday, January 24, 2025.