Greece raised 1.625 billion euros (2 billion U.S. dollars) in a short-term bond auction on Tuesday, with its borrowing cost marginally declining compared to a similar auction in June, the country's Public Debt Management Agency (PDMA) announced.

The interest rate for Greek treasusix-monthry bills dropped to 4.7 percent from 4.73 percent recorded in the June 12 sale.

PDMA officials originally aimed to raise 1.25 billion euros in Tuesday's auction, but the sale attracted more bids and raised more than initially planned.

Locked out of international markets since 2010, debt-burdened Greece now relies on two EU/International Monetary Fund bailout packages and issues short-term treasury bills on a monthly basis to raise funds in order to avert a disoerderly default.

 VietNamNet/Xinhuanet