Greece to auction 625mn euros of 3-month T-bills on Jan 9

ATHENS: Greece will sell 625 million euros ($713.25 million) of three-month treasury bills on January 9 to refinance a maturing issue, debt agency PDMA said on Friday.

Athens rolled over three-month T-bills in November, with the paper priced to yield of 0.71 percent.

The settlement date of the new T-bills will be on January 11. 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 10, PDMA said.