Greece to auction T-bills on August 5

ATHENS: Greece will sell 625 million euros ($684.44 million) of six-month Treasury bills on August 5 to refinance a maturing issue, its debt agency said on Friday.

Cash-strapped Greece sold 813 million euros of three-month T-bills earlier this month to refinance a maturing issue, managing to keep its public finances afloat amid a bank shutdown.

The settlement date of the new T-bills will be August 7. Only primary dealers will be allowed to participate and no commission is to be paid.