Greece on Tuesday successfully auctioned a six-month Treasury bills issue raising 1.625 billion euros from the market at a slightly higher cost.

The Public Debt Management Organization, in an announcement, said bids submitted totaled 4.758 billion euros, or 3.81 times more than the asked sum, while the interest rate was set at 4.80 percent, slightly up from 4.75 percent in the previous auction of six-month Treasury bills in March eight. Petros Christodoulou, head of the organisation said foreign investors' participation in the auction totaled 41 percent.