Greece to auction 875mn euros of 6 month T-bills on Nov 5

ATHENS: Greece will auction 875 million euros (1.10 billion US dollar) six-month treasury bills on November 5 to refinance a maturing issue, the country's debt agency PDMA said on Friday.

The settlement date will be November 7. Only primary dealers will be allowed to participate and no commission will be paid.

Athens has a stock of about 15 billion euros of T-bills that it regularly refinances with the help of Greek banks.

A previous sale in October was priced to yield 2.0 percent.