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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Greece borrows 1.95 bln euros but at high rate AFP - Wednesday, April 21 Send IM Story Print A man walks past the Bank of Greece. Greece has raised 1.95 billion euros (2.6 billion dollars) in a well oversubscribed treasury bill issue but at more than double the cost of its last comparable issue, the Greek debt agency said. ATHENS (AFP) - – Greece on Tuesday raised 1.95 billion euros (2.6 billion dollars) in a well oversubscribed treasury bill issue but at more than double the cost of its last comparable issue, the Greek debt agency said. "The total bids reached 6.92 billion euros and the amount finally accepted was 1.95 billion," the Greek debt management agency said in a statement. The agency had originally sought to raise 1.5 billion euros. It added that buyers were offered a uniform yield of 3.65 percent compared to 1.67 percent in the last three-month bill issue in January. The government is scheduled to begin talks on Wednesday with officials from the European Union, the European Central Bank and the International Monetary Fund on a fall-back loan mechanism worth up to 45 billion euros. Meanwhile, the yield on Greek 10-year government bonds rose to a record of 7.807 percent, indicating growing investor concern that Greece could default on its massive debts unless it receives help. Recommend Send IM Story Print News Search Top Stories Fog, rain again delay shuttle Discovery landing Greece may use EU loan by next month: finance minister Goldman Sachs posts soaring $3.46 bln profit UK financial watchdog launches Goldman Sachs probe Greece pays dearly to raise 1.95 bln euros More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Venezuelan boxer hangs himself after murder rap Volcano cloud pushes European airlines to the brink: analysts Ocean census uncovers 'new world' of marine microbe life Airlines urge governments to reopen routes Iceland eruption tapering off, spewing lava and less ash More Most Viewed » Two-million-year-old hominid sheds light on evolution Taiwan's male 'Susan Boyle' a web sensation EU emergency talks as volcano cloud havoc worsens More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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