Greece raises €1.3bn rate steady

Greece on Tuesday raised 1.3 billion euros ($1.68 billion) in three-month treasury bills with a steady borrowing rate of 4.05 percent, the public debt management agency said. "Total bids reached 1.655 billion euros and the amount finally accepted was 1.3 billion," the agency said in a statement. At the previous auction of three-month treasury bills on February 12, Greece had also raised 1.3 billion euros at 4.05 percent interest. Shut out of the long-term debt markets since 2010, Greece is relying on international rescue loans for its economic survival and regularly issues short-term debt. The disbursement of a loan slice of 2.8 billion euros set for March has been suspended owing to ongoing discussions with Greece's creditors -- the European Union, the European Central Bank and the International Monetary Fund.