Greece to auction 1.25bn euros of 12-month T-bills on June 12

ATHENS: Greece will sell 1.25 billion euros ($1.41 billion) of 12-month T-bills on June 12, its debt agency PDMA said on Friday.

It will be the fourth such issue after Greece officially emerged from its last bailout in August last year.

The debt agency sold 12-month T-bills in March with the paper priced to yield 0.95%.

The settlement date of the new T-bills will be June 14. Only primary dealers will be allowed to participate and no commission will be paid.

Primary dealers can submit non-competitive bids for up to an additional 30 percent of the auctioned amount until June 13, PDMA said.