Greece is trading off bonds for 2.925 billion Euros

Facing bankruptcy Greece managed to raise 2.925 billion Euros from the sale of six-month and three-month bonds.

Almost  1,625 billion Euros were raised from trade off 6-month bonds at 2.97%. The remaining 1.3 billion Euros come from the quarterly bonds at 2.7 interest.

However, on June 19, Athens must pay another  1.6 billion Euros at maturity date of the emission of three-month bonds.

In an official statement the Greek Government states that Athens is still awaiting an official response from the international creditors concerning the recent proposals from the country to achieve a breakthrough in negotiations and recent agreement on the type of "money for reforms."

On Tuesday "Wall Street Journal" reported that the European Commission rejected the Greek reform proposals against which to obtain financing.