Greece on Tuesday successfully auctioned a six-month Treasury bill issues raising 1.3 billion euros from the market at a lower cost.

According to the Public Debt Management Organization the interest rate of the auction was set at 2.70% compared to 3.01% of the previous auction of same Treasury bills in April 8, 2014.

Bids submitted totaled 2.653 billion euros, 2.65 times more than the asked sum and the organization accepted non-competitive bids worth 300 million euros.

The Organization will also accept non-competitive bids up to 30% of the asked sum by Thursday, 8 May, while settlement date is Friday, 9 May.