Greece raised 1.625 billion euros on Tuesday from an auction of 26-week treasury bills, with an interest rate of 4.75 percent (up from 4.64 percent of the previous such auction).

Total offers reached 4.485 billion euros, thereby oversubscribing the issue by 3.59 times.

The auction was held through primary dealers, with the settlement date being Friday, March 11, 2011, according to the Public Debt Management Organisation.