Greece to sell 1.25bn euros of 3-month T-bills on April 15

ATHENS: Greece will auction 1.25 billion euros ($173.51 billion) of three-month treasury bills on April 15 to refinance a maturing issue, the country's debt agency PDMA said on Friday.

The settlement date will be April 22. 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 crisis-struck Greek banks.

Last month Greece sold three-month treasury paper at 3.10 percent, at the cheapest borrowing cost since January 2010 when its debt crisis escalated.