Greece to issue T-bills to repay Aug. 20 bond

ATHENS: Greece will issue T-bills to pay a government bond that matures later this month and avoid default as its next tranche of bailout money has been pushed back, a government official who declined to be named said on Tuesday.

"There will be an announcement on Friday on the amount and details," the official told Reuters.

A 3.2 billion euro government bond, held by the European Central Bank, comes due on Aug. 20.

The additional sale of short-term debt will come on top of a three-month T-bill auction next week to refund a previous 1.6 billion euro issue.