Greece to auction 1.25bn euros of 6-month T-bills on Dec. 5

ATHENS: Greece will sell 1.25 billion euros ($1.42 billion) of six-month treasury bills on Dec. 5 to refinance a maturing issue, debt agency PDMA said on Friday.

Athens rolled over six-month T-bills last month, with the paper priced to yield 0.85 percent.

The settlement date of the new T-bills will be Dec. 7. 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 Dec. 6.