Greece to auction 625 mln euros of three-month T-bills on Jan. 10

By Kitco News / January 05, 2018 / www.kitco.com / Article Link

ATHENS, Jan 5 (Reuters) - Greece will sell 625 million euros ($753.13 million) of three-month treasury bills on January 10 to refinance a maturing issue, debt agency PDMA said on Friday.

Athens rolled over three-month T-bills last month, with the paper priced to yield 1.60 percent.

In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold.

The settlement date of the new T-bills will be January 12. Only primary dealers will be allowed to participate and no commission is to be paid.

Primary dealers can submit non-competitive bids for up to an additional 30 percent of the auctioned amount until January 11, PDMA said.


($1 = 0.8300 euros)


($1 = 0.8299 euros)


(Reporting by George Georgiopoulos)

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