Greek government raised about 1.625 billion euros during today’s auction of three-month Treasury bills, as the Public Debt Management Organization announced.

According to the announcement, the interest rate of the issue was set at 1.75%, whereas in the previous auction was at 1.80%. Overall, bids submitted totalled 2.94 billion euros, 2.35 times more than the asked sum.

The auction was held by Primary Dealers (Primary Dealers) and the settlement date was set on Friday, July 18, 2014.