Greece to auction 1bn euro of 6 month T-bills on April 8

ATHENS: Greece will auction 1 billion euros ($1.37 billion) of six-month treasury bills on April 8 to refinance a maturing issue, the country's debt management agency PDMA said on Friday.

The settlement date will be April 11.

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

Monthly T-bill sales are Greece's sole remaining source of market funding. Athens has a stock of about 15 billion euros of T-bills that it regularly refinances with the help of crisis-struck Greek banks.