Greece to auction 1.25bn euros of 6-month T-bills on Jan. 4

ATHENS: Greece will sell 1.25 billion euros ($1.32 billion) of six-month treasury bills on January 4 to refinance a maturing issue, debt agency PDMA said on Friday.

Athens successfully rolled over six-month T-bills earlier this month, with the paper priced to yield 2.97 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 bills will be January 9.

Only primary dealers will be allowed to participate and no commission is to be paid.